Government to establish audit scheme for mining companies
An audit scheme meant to audit the finances of mining companies in the country is set to be established by government next year.
In an interaction with representatives of small scale mining companies on Thursday, December 16, Deputy Minister for Lands and Natural Resources, Mireku Duker, noted plans are far advanced to establish the audit scheme.
According to the Deputy Minister, the purpose of the audit scheme is to familiarise and identify gaps to offer plausible solutions to challenges facing the mining companies.
Adding that, the government is committed to the charge for youth employment by ensuring concessions and job opportunities are made available for the youth in the country.
Read: Ghana Stock Exchange revokes suspension of PBC from stock market
The Deputy Minister further alluded that the auditing of the mining sector will be systematic and periodically documented with the objective being the evaluation of how well the mining or environmental regulatory requirements and commitments are met by the various mining companies in Ghana.
Speaking also at the event was the Chief Executive of the Chamber, Sulemanu Koney, who commended government for the repeal of the 3% withholding tax.
Large -scale miners will from January 1, 2022, no longer be required to pay the three-percent withholding tax on gold at the point of export through the Precious Minerals Marketing Company (PMMC).
