Ing Wisdom Edem Gomashie
Mining consultant Ing. Wisdom Edem Gomashie has outlined key expectations for Ghana’s mining sector ahead of the 2026 Budget Statement, which is scheduled to be presented by Finance Minister Dr Cassiel Ato Forson.
In a Facebook post on Thursday, November 13, Ing. Gomashie said he anticipates that the upcoming budget will provide clarity on critical policy and fiscal issues shaping the mining industry, particularly in relation to government’s Ghana Goldbod initiative, fiscal adjustments, and nationalisation frameworks.
Among his top expectations is a clear update on Ghana GoldBod’s funding mechanism and profits accrued from its activities beyond export volumes. He also called for the removal of VAT on exploration, but with conditions applied when commercial discoveries are made.
Ing. Gomashie urged government to allocate funding for geological investigations and artisanal and small-scale mining (ASM) formalisation programmes, while also considering a conditional introduction of windfall taxes on gold mining companies if gold prices continue to rise — potentially reaching US$5,000 per ounce by end-2026, according to analysts.
He further expects the budget to touch on nationalisation and indigenisation frameworks, as well as the linkage between industrialisation policies and mining local content lists to boost local employment and value addition.
Other anticipated highlights include a Mining Communities Road Network Framework, updates on fiscal terms for the Ewoyaa Lithium lease, and a Critical Minerals and Rare Earth Elements Development Strategy to align Ghana’s mining sector with the energy transition and future technology goals.
