The Association of Ghana Industries (AGI) has expressed strong disapproval of the government’s plan to increase the Growth and Sustainability Levy from 1% to 3% on the gross production of mining companies.
Finance Minister Cassiel Ato Forson announced the increase and the extension of the levy’s sunset clause to 2028 during the 2025 budget presentation.
Tsonam Akpeloo, Greater Accra Regional Chairman of the AGI, voiced concerns that the increased levy would significantly harm their operations. “To have it extended to 2028 is a big blow to us,” Akpeloo told Citi News.
He emphasized that the AGI had previously been assured the levy would expire at the end of the current year, and the extension undermines their business planning. “We intend to engage with the government to see if this 2028 date will be reconsidered,” he stated.
Akpeloo also highlighted the levy’s impact on job creation, particularly in the context of the government’s 24-hour economy initiative. “If you are taking 1 percent to 5 percent of revenue, it is naturally going to affect us in industry, especially in the time that we are expected to create more jobs.”
