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June 18, 2025Gold mining companies in Ghana, Ivory Coast resist tax hikes
Countries across West Africa have been taking advantage of soaring gold prices to increase mining taxes and raise additional revenue to plug gaping budget deficits and ease high debt levels
Mining companies in the region have mostly complied, apart from Ghana and Ivory Coast, Africa’s top and seventh biggest gold producers, respectively.
Mining companies have agreed among themselves not to pay the extra taxes while they negotiate with the Ivory Coast and Ghana governments to repeal the hikes.
