sharing in governance of extractive industries
The Ghana Chamber of Mines is advocating for the removal of the Value Added Tax (VAT) on exploration by its members in the extractive industry. This, the chamber believes will bring in more companies to invest to generate more employment, revenue and grow the local economy.
By so doing, the business of mining will be beneficial to both state and company, says the director of Public Affairs and Environment, Mr. Ahmed Nantogmah.
He noted that the VAT on the exploratory service undertaking by mining companies is scaring away potential investors as many are moving to other countries such as Guinea which recently reduced its corporate taxes that has made it a preferred destination for investment in recent times. Adding that it does not incentivize them to come to Ghana. Read More http://www.spyghana.com/remove-vat-exploration-chamber-mines/
Add a Comment