Newmont Corporation has paid GH₵2.388 billion in taxes, royalties, levies and carried interest to the Government for the third quarter of 2025, reinforcing its position as one of the country’s highest-contributing taxpayers.
The payments, made through the Ghana Revenue Authority, Forestry Commission and the Ministry of Finance, covered multiple statutory obligations.
They included GH₵1.192 billion in corporate tax, GH₵511 million in capital gains tax, GH₵309 million in mineral royalties, GH₵234 million in carried interest, GH₵75 million in Pay As You Earn (PAYE) tax and GH₵67 million in withholding tax.
The latest disbursement brings Newmont’s total fiscal contribution from January to September 2025 to GH₵9.874 billion, reflecting the company’s sustained support to Ghana’s economic growth and public finances.
“These payments demonstrate our ongoing commitment to honouring our tax and other obligations to the state, as well as to our local communities,” said Danquah Addo-Yobo, Country Manager for Newmont’s Ghana operations.
“By paying our fair share of taxes and disclosing these payments, we help to promote transparency and good governance,” he added.
In a statement released by David Johnson, Director of Communications, Newmont said it continues to play a significant role in the Ghanaian economy through tax contributions, job creation, local procurement and social investments.
According to the statement, the company’s production capacity is expected to expand further following the official commissioning of the Ahafo North Mine in October 2025.
The statement indicated that the new mine is projected to deliver between 275,000 and 325,000 ounces of gold annually, boosting Newmont’s national output and its fiscal contribution in subsequent years.
The statement said as the world’s leading gold producer with additional output in copper, zinc, lead and silver, Newmont operates across several favourable mining jurisdictions, including Africa, Australia, Latin America, North America and Papua New Guinea.
It noted that the company is the only gold mining company listed on the S&P 500 Index and is widely recognised for strong environmental, social and governance (ESG) standards.
Founded in 1921 and publicly traded since 1925, Newmont says its mission remains centred on creating value and improving lives through sustainable and responsible mining practices.
A Business Desk Report