Ghana, Africa’s largest gold producer, has implemented a new sliding-scale gold royalty regime, linking state revenues to gold prices despite diplomatic pressure from the U.S. and China. Effective March 10, the policy replaces a flat five percent royalty, allowing rates to rise to twelve percent when gold exceeds $4,500 per ounce. Mindful of financial pressures and an IMF economic program, Ghana aims to enhance revenues through natural resources. Additionally, a similar royalty system will apply to lithium, with continued flat rates for other minerals. This shift reflects a broader trend towards resource nationalism in Africa.
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Let them pay yes… enough
What do you mean risk?
Ghana👏🏾👏🏾👏🏾
That is bold decision,Trump is using tariffs to make American great,Ghana also must seek what is good for her country.
Is our gold not theirs…pay or leave. Just follow the rules
Foreigners are destroying our environmental lands and poisonous ☠️ chemicals into our rivers and forest 🌳.Why galamsey president insisting on foreigners to come to destruction of our land.?😅
A thief is always a thief like 👍 Mahama his brother 👨 taking the spoils by force.This country is not a democracy because it is ruled by brother and friends.Mahama and his families don’t own Ghana 🇬🇭.So why he lying every time everywhere and every minute without shame.😅😊
I see sanctions and deportations😂😂😂
Expect a coup….when 2 powerhouses like China and America agree on something, it means that they plotting something.
It’s our gold , we decide whatever we want to do with it 😂
It should have been 25%
THE OWNER OF THE LAND AND SOIL WITH THE GOLD HAVING JUST 12%. RIIDICULOUS. THE REVERSE SHOULD BE TRUE. Please Ghana, your neighbor BURKINA FASO is doing it by themselves, 100%. Let them help you Ghana out!
Ghanaians are tired of foreign vampires bleeding them dry! They are tired
https://youtu.be/qBVWr434_aA?si=n35lxCax-wOhXC_3
THE WESTERN WORLD STILL WANT TO MAKE MONEY OFF OUR BACKS!! THEY CAN GO AND BUY IT CHEAP ELSEWHERE. SUCH NONSENSE. CHINA IS STOCKPILING GOLD AS WE SPEAK.
PRESIDENT MAHAMA 12% IS STILL WOEFULLY LOW!!!!! 25% SHOULD BE ABOUT RIGHT AT ANYTIME.
Ghana to the whole wiase❤
Thanks Ghana for the lead
Ghana should receive at least 33% of Royalties. Try importing anything from the West and see how much they squeeze out of you.
Hi Ghanaian here, don't believe this lie Ghana is the puppet child for the USA and China has a hold on us via trade deals. Mahama is just trying to appear productive and revolutionary but some things don't change and he doesn't have the balls to 'defy' his masters. The previous govt was worse but new govt isn't going to change anything
good job Ghana
Look at you so proud of only giving away 88%. Good for you
What we should be doing is mining our own resources and they can pay after we have mined it
God bless Prez Mahama for his bold initiatives to make Ghana better
🇬🇭 Ghana first- we not your ordinary country in Africa
That's my country… I'm proud for us standing on our terms…
These Chinese citizens has destroyed our forests and river bodies in the name of mining…
They are treating the locals as trash over here..
It's sad….
They go to the extent of aiding illegal mining and buying the minerals they mine underpriced through the black market….
Hopefully we will own 100% of our natural resources providing us the substantial funds to build our countries better for the next generation
Please I beg you, 12% royalties is too low. We NEED 20%. The western are cheats
NPP PLEASE DONT LET US POLITICIZE THIS . GHANA FIRST 20% not even 12%
Good for Ghana
Ghana didn't defy anyone. It's our gold not someone's. They can't dictate for us how, when, what etc we do with what belongs to us. We don't dictate to them what they do so they cant dictate to us what we do.
Gold is stagnant at 5000usd a troy ounce
They want every resource for free. Out of 100, the owner of the gold is asking for just 12% and these greedy bastards want to dictate 5%. Ghana should just take their gold fields and nationalise them. No more foreign companies are investing in our natural resources. It should be by law, only Ghanaians can invest in gold in Ghana.
The minerals belong to us. We should have raised it to 60%. Take it or leave it. We have local entrepreneurs who can do better jobs
We lost our national asset apostle kojo safo
You people rip us off our minerals and disrespect us and call us poor. God is watching you all.
All African countries should do this.
God Bless Our Homeland Ghana🇬🇭❤️
Let sovereign countries be.
These Countries are moving back to the gold standard for their currencies, I wish other African countries would wise up and plan for their own currency. The excuse they giving against it is laughable.
Can you please watch your words that Ghana wants a bigger cut of the Gold’s Profit rate . For Indeed GHANA OWNS IT’S Gold and has Absolutely EVERY RIGHT to Demand How much Should be Paid . What’s WRONG with GHANA Stating IT’S Demands?
They blame us imigrants for coming to their countries seeking work but when we try to better our economies back home this is what we get? They are lucky im not the president of ghana i would put it up 80 percent
Americans and Chinese….put yourself in Ghana's position: would you demand only 12% of Ghana or any african country exploiting your gold??
Thieves still see africans from a colonial standpoint. China is now being greedy also. Everybody wants africa's gold FOR FREE.
US and other countries who are taking Ghana gold are cheaters 😢army robbers. You guys are not helping Africa, why didnt you stay in your country and trade your own gold. Do you think you are helping Ghana and Africa??? If you can’t pay half of our demands dont come to Ghana or Africa and take our Gold. US and other countries are cheaters
We want 50% if you can’t just leave!