UPDATE 1-Ghana to review corporate tax exemptions for resources sector [Reuters]
AngloGold Ashanti PLC Ordinary Shares (AU)
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Source: Reuters
UPDATE 1-Ghana to review corporate tax exemptions for resources sector | Reuters Reuters Staff 2 Min Read (Adds quotes, details) ACCRA, April 4 (Reuters) - Ghana plans to review its process for granting corporate tax exemptions to mining and oil companies as part of measures to eliminate fraud and boost revenues, its vice president said on Wednesday. Mahamudu Bawumia said tax exemptions claimed by some resources companies were not transparent, and in some cases, not backed by records. He did not directly accuse any individual companies of wrongdoing. “Improper accounting of resources on the part of concessionaires is a major source of revenue loss and it is for this reason that we are reviewing the exemption process,” he told a meeting of donors and Ghana tax and customs agencies in the capital Accra. Last month the International Monetary Fund called on Ghana - Africa’s second biggest gold producer and a nascent crude exporter - to adopt additional measures to boost revenues. Official
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AU
Sec Filings
- 4/29/24 - Form 10-K/A
- 3/22/24 - Form 10-K
- 3/19/24 - Form EFFECT
- AU's page on the SEC website