Chamber of Mines worried over delays in implementing new taxes

By Ghana l Joy Business

The Ghana Chamber of Mines is worried over delays on how government is planning to implement new taxes for the mining firms announced in the 2012 budget.

Government in the 2012 budget announced a 10 percent increase in corporate taxes for mining firms from 25 to 35 percent.

It is also proposing to impose a 10 percent tax on their windfall profits.

President of the Chamber, Dan Owiredu however tells Joy Business the delay is badly affecting the planning of mining firms.

It has always been said that do unto others what you want others to do unto you but I think if we do unto others beyond what we want others to do unto us, the scale would tilt in our favor
By: Fred Effah-Yeboah