Ghana will seek to boost revenues from its mining industry next year by hiking taxes, according to a text of the 2012 budget delivered to parliament recently. The corporate tax rate on miners will increase to 35 percent from 25 percent and a separate 10 percent tax on windfall profits will be introduced, according to the text.
Firms operating in Ghana include subsidiaries of Newmont Gold, London-listed AngloGold Ashanti and South Africa-based Goldfields.