Amanze Chinonye
Ghana has received a $35 million dividend from Perseus Mining Ghana Ltd, seven times the amount paid to the state last year, as the government seeks to increase its returns from the country’s mineral resources, Prime Business Africa reports.
The dividend, equivalent to about 391.2 million Ghanaian cedis, represents the government’s 10% interest in the mining company, the Ministry of Finance said.
Join our WhatsApp ChannelREAD ALSO :
Ghana Targets End to Raw-Commodity Export Cycle, Finance Minister Says
Finance Minister Cassiel Ato Forson said the payment demonstrated the benefits of collaboration between the government and investors and reaffirmed the government’s commitment to securing a fair share of the value generated from Ghana’s mineral resources while maintaining a stable and predictable environment for responsible investment.
“That is why we introduced the sliding-scale system: when mining companies earn more, the people of Ghana must benefit more,” Forson said.
Perseus Mining Ghana Board Chairman Ehunabobrim Prah Agyensaim VI attributed the increase in the dividend to the company’s strong performance, prudent resource management and partnership with the government.
The latest payment compares with the $5 million dividend paid to the government last year.
READ MORE :
Ghanaians Wear Brown to Protest Environmental Damage from Illegal Mining
As of June 30, Perseus had paid about 1.7 billion cedis in royalties, 4.2 billion cedis in corporate income tax and the Growth and Sustainability Levy, and 1.96 billion cedis in PAYE and other statutory taxes, according to the Finance Ministry.
The company also supports education, healthcare, infrastructure, skills training and local enterprise development in communities around its operations.
Perseus operates the Edikan gold mine in Ghana and gold mines in Côte d’Ivoire. The company produced 404,998 ounces of gold in the financial year ended June 30, 2026 and reported notional cash flow of $769 million.
The higher dividend comes as Ghana seeks to increase public revenues from its gold industry amid strong bullion prices. The government has been pursuing changes to the mining fiscal regime intended to ensure that the state captures a greater share of gains when mining profitability increases.
The dividend payment is distinct from royalties, corporate taxes and other statutory levies paid by the company and from the government’s broader sliding-scale fiscal arrangements.
Amanze Chinonye is a Staff Correspondent at Prime Business Africa, a rising star in the literary world, weaving captivating stories that transport readers to the vibrant landscapes of Nigeria and the rest of Africa. With a unique voice that blends with the newspaper's tradition and style, Chinonye's writing is a masterful exploration of the human condition, delving into themes of identity, culture, and social justice. Through her words, Chinonye paints vivid portraits of everyday African life, from the bustling markets of Nigeria's Lagos to the quiet villages of South Africa's countryside . With a keen eye for detail and a deep understanding of the complexities of Nigerian society, Chinonye's writing is both a testament to the country's rich cultural heritage and a powerful call to action for a brighter future. As a writer, Chinonye is a true storyteller, using her dexterity to educate, inspire, and uplift readers around the world.
