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Recent Study: Ghana's Mining Fiscal Regime: H1 2014

Recently published research from Timetric, "Ghana's Mining Fiscal Regime: H1 2014", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 06/05/2014 -- The mining industry is regulated by the Minerals and Mining Act 2006. Ghana's mining industry is managed by the Ministry of Land and Resources and Environment Protection Agency. The Minerals Commission is also involved in the coordination and implementation of mining policy.

Report Highlights

- The mining industry is regulated by the Minerals and Mining Act 2006. Ghana's mining industry is managed by the Ministry of Land and Resources and Environment Protection Agency.
- The Minerals Commission is also involved in the coordination and implementation of mining policy.
- The Ministry of Land and Natural Resources is responsible for managing country's land, forest, wildlife and mineral resources. The functions of the ministry include policy formation, co-ordination, monitoring and evaluation, and the validation of policies and projects. The ministry supervises the departments and agencies working under it, and negotiates with development partners.
- The Environment Protection Agency is responsible for the protection and improvement of the country's environment. The agency aims to create awareness of the environment at a community level. It has offices across the country and regularly inspects and regulates mining activities.

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Report Scope

The report outlines Ghana's governing bodies, governing laws, rights and licenses, key fiscal terms which includes Royalty, Corporate Income Tax, Depreciation, Gift Tax, Rent Tax, Capital Gains Tax, Loss Carry Forward, Withholding Tax and VAT.

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