The government has laid the Growth and Sustainability Levy (Amendment) Bill, 2026 before Parliament of Ghana, proposing a reduction in the levy charged on gold mining companies from 3 percent of gross production to 1 percent.

Officials say the proposed adjustment is intended to provide relief to mining firms following the implementation of the Minerals and Mining Royalty Regulations, 2025.

The new Legislative Instrument introduces a sliding-scale royalty system, allowing royalty rates to increase or decrease depending on movements in global gold prices. Authorities believe the approach will enable the state to earn higher revenue during periods of strong commodity prices on the international market.

However, the Minority Caucus in Parliament has raised concerns about the regulation, warning that the new framework could weaken the competitiveness of Ghana’s mining sector.

According to the Minority, the changes could potentially place up to one million jobs at risk within the industry.

In response, government officials maintain that the proposed reduction in the Growth and Sustainability Levy is a deliberate policy measure aimed at cushioning mining companies against additional financial pressures that may arise under the revised royalty regime.