President John Dramani Mahama has assented to five bills passed by Parliament, including the Growth and Sustainability Levy (Amendment) Bill, 2026, which reduces the levy on mining companies from 3% back to 1%.
The President signed the bills into law on Tuesday, March 31, 2026, alongside the Security and Intelligence Agencies Act, the University of Engineering and Agricultural Sciences Act, the Ghana Deposit Protection (Amendment) Act, and the Education Regulatory Bodies (Amendment) Act.
Addressing the significance of the levy amendment, President Mahama explained that the reduction forms part of broader fiscal and regulatory adjustments within Ghana’s extractive sector.
“As you’re aware, the act was amended to increase it from 1% to 3%, and so this act reduces it again. That is the levy on mining companies. It reduces it again to 1%, because of the introduction of the sliding scale of royalties,” he said.
The move is expected to ease the cost burden on mining companies while aligning government revenue collection with current production dynamics through the newly introduced royalty framework. Industry observers say the adjustment signals a shift towards a more balanced and predictable fiscal regime aimed at sustaining investment in the mining sector while safeguarding state revenues.
The Growth and Sustainability Levy, initially increased to 3%, had been a key revenue measure targeting windfall gains in the extractive industry. However, concerns over its impact on investor confidence and operational costs prompted the review.
With the reversion to 1% and the adoption of a sliding royalty system, the government is seeking to stabilise the policy environment and ensure long-term growth in the sector, which remains a major contributor to Ghana’s economy.
The signing ceremony was witnessed by key government officials, including the Clerk of Parliament, Mr Ebenezer Ahumah Djietror; Secretary to the President, Dr Callistus Mahama; Minister of Justice and Attorney General, Dr Dominic Akrutinga Ayine; Chief of Staff, Julius Debrah; Senior Presidential Advisor and Special Aide, Joyce Bawa Mogtari; Finance Minister, Dr Cassiel Ato Baah Forson; and Vice President, Professor Jane Naana Opoku Agyemang.
Other key highlights of the assented legislation include the expansion of deposit protection to cover mobile money wallets and digital platforms, as well as reforms to Ghana’s security architecture and tertiary education regulation.
