Mining giant Newmont pumps $220M into Ghana’s budget

Newmont has made a major contribution to Ghana’s economy, paying a total of $220 million to the government as part of its financial obligations. The payment, made on Wednesday, May 21, 2025, includes $50 million in carried interest and $174 million in capital gains tax from the sale of its Akyem Mine.

These payments follow Ghana’s mining laws and Newmont’s Revised Investment Agreement with the government. The company says it is committed to responsible and transparent operations that benefit the countries it works in.

The $50 million carried interest payment is part of Newmont’s 2025 obligations, bringing the total amount paid so far this year in carried interest to $80 million. The remaining $174 million comes from the capital gains tax on the recent Akyem Mine sale.

“We take these statutory payments seriously, guided by our overall commitment to value sharing in jurisdictions where we operate and reside,” said Danquah Addo-Yobo, Head of Finance for Newmont Africa. “We know how important such contributions are to the overall health of the Ghanaian economy.”

Ghana’s Finance Minister, Hon. Dr. Cassiel Ato Forson, also praised Newmont for its consistency in meeting its financial duties. “Government acknowledges and appreciates Newmont’s consistency and promptness in meeting its financial obligations to the state, which will support our efforts at strengthening the Ghana cedi and the overall Ghanaian economy,” he said.