13th March 2026 – The Parliament of Ghana has passed the Growth and Sustainability Levy (Amendment) Bill, 2026. The Bill was laid today under a certificate of urgency, allowing Parliament to complete the legislative process in a single day without the standard public gazette notification.
The Bill amends the Growth and Sustainability Levy Act, 2023 (Act 1095) and reverses portions of the amendment passed last year. In 2025, an amendment increased the levy for gold mining companies to 3% of gross production while maintaining a 1% rate for other mining and upstream petroleum companies.
The Government has now decided to revert to the original 1% for all mining and upstream petroleum entities. The Government explains that this amendment is needed because it has expanded the sliding scale for royalties to all mining companies. Under this new royalty regime, royalty rates increase alongside gold prices. That is, the higher the gold price, the higher the royalty payable. For instance, if the gold price is up to US$1,900, the royalty is 5% while if the gold price is above US$4,500, the royalty rate is 12%.
The Growth and Sustainability Levy is a Levy that is payable by every business in Ghana operating as a Company, Partnership or Trust. For some specified entities such as banks and shipping lines, the Levy payable is 5% of the profit before tax. With this amendment, mining companies and upstream oil and gas entities will pay 1% of their gross production as the Levy. For all other entities, the Levy is 2.5% of their profit before tax. This Levy is not deductible for income tax purposes.
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