The Association of Ghana Industries (AGI) has expressed strong opposition to the government’s decision to raise the Growth and Sustainability Levy on the gross production of mining companies from 1% to 3%, warning that the move could significantly impact industry operations.
The proposed adjustment, announced by Finance Minister Cassiel Ato Forson in the 2025 Budget on March 11, also includes an extension of the levy’s sunset clause to 2028—a decision that has frustrated industry players.
Speaking to Citi News, the Greater Accra Regional Chairman of AGI, Tsonam Akpeloo, described the development as a setback, especially after previous discussions with the government had suggested the levy would be scrapped by the end of 2024.
“We have been engaging the government for years, and we were assured that this levy would be removed by the end of this year. Extending it to 2028 is a big blow to us,” Akpeloo stated.
He further emphasized that the higher levy would place additional financial strain on businesses at a time when they are expected to expand and create jobs under the government’s 24-hour economy initiative.
“If you’re taking 1% to 3% of revenue, it will naturally impact industry, especially when we are being encouraged to drive job creation,” he added.
AGI has indicated its intention to engage the government in discussions to push for an earlier phase-out of the levy, arguing that its continuation could hinder industrial growth and investment in Ghana.
