- Minister of Lands and Natural Resources, Samuel Abu Jinapor, hints at reviewing VAT on mining exploration costs
- Review aims to address concerns about high tax burden on exploration costs
- Move is to attract foreign direct investment and make mining sector more attractive
- Working with GRA and Ghana Chamber of Mines to explore best framework for treating VAT on exploration
- Goal is to reduce financial burden on exploration companies and safeguard nation’s interest
- Part of government’s efforts to create conducive environment for exploration and mining sector
Source: ghanaweb.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
