Newmont Ghana Ltd, one of the largest gold-producing companies in Ghana, said in a release on Monday that it has paid a total of 2.38 billion Ghana cedis (217 billion U.S. dollars) in taxes, royalties, levies, and carried interest to the government of Ghana for the third quarter of 2025.
According to the release, the total payments include Corporate Tax of 1.192 billion cedis, Capital Gains Tax of 511 million cedis, Minerals Royalty of 309 million cedis, Carried Interest of 234 million cedis, Pay As You Earn (PAYE) Tax of 75 million cedis, and Withholding Tax of 67 million cedis.
These payments, according to the statement, were received by government agencies, including the Ghana Revenue Authority, Forestry Commission, and the Ministry of Finance, bringing Newmont’s year-to-date (from January to September) fiscal payments to 9.874 billion cedis, reaffirming the company’s consistent contribution to Ghana’s fiscal and economic development.
“These payments demonstrate our ongoing commitment to honouring our tax and other obligations to the state, as well as to our local communities. By paying our fair share of taxes and disclosing these payments, we help to promote transparency and good governance”, said Danquah Addo-Yobo, Country Manager for Newmont’s Ghana operations.
Newmont is one of Ghana’s leading taxpayers and a key contributor to national development through tax payments, employment creation, local procurement, and community investment.
“With the official opening of the company’s Ahafo North mine this October (October 2025), which is expected to deliver between 275, 000 to 325,000 ounces of gold annually, Newmont will increase its production footprint in Ghana, along with increased contribution to Ghana’s economy,” the statement added.
Founded in 1921, Newmont is the world’s leading gold company and a producer of copper, zinc, lead, and silver. The Company’s world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea.
Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices, and has been publicly traded since 1925.
The Company is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise.