Newmont Pays Over GHS 800 Million as Q1 Taxes to Gov’t

transparent about what we pay, are in line with our commitment to regulatory compliance and good corporate governance,”said David Thornton, Regional Senior Vice President, Newmont Africa Operations.

Newmont Africa’s operations in Ghana have a strong tax compliance history and received multiple taxpayer recognitions from the Ghana Revenue Authority.

“It is important, especially in these challenging times, for companies to honour their obligations to the state, as well to their various stakeholders, through direct payment of their taxes and investment in social programmes,” he added.

Newmont Africa’s operations in Akyem and Ahafo have both funded critical road infrastructure, working through the Ministry of Roads and Highways.

The mines’ investment in skills acquisition and sustainable livelihood programmes also ensure that local community residents are equipped with employable skills that are needed in the extractive and construction industries.

Newmont Africa has announced that, in the rst quarter of 2023, its Ghana operations (Ahafo South and Akyem mines) paid a total of GHS 843.72 million in taxes, royalties, and levies to the Government of Ghana, through the Ghana Revenue Authority (GRA), Forestry

This amount is broken down into Corporate Tax of GHS 514.57 million; Minerals Royalties of GHS 197.06 million: GHS 78.23 as Pay As You Earn (PAYE); GHS 42.31 as Withholding Tax; and GHS11.55 million as Forestry Levy.

“Ful lling our obligations in terms of statutory payments, and being

Apart from the taxes, royalties, and levies that go directly to government towards the growth and stabilization of the economy, Newmont Africa also focuses on stimulating economic development in the local communities that host the mining operations, through a range of programs and projects that deliver measurable outcomes.

Acknowledging the key role that road infrastructure plays, particularly in farming communities, business digital transformations. The aim was to deepen understanding of the subject matter, e ect change in work processes, and revolutionise the way HR manages its daily activities. The forum served as a platform for HR leaders from various organisations to share their respective digital transformation programmes, with leading HR experts critically evaluating these presentations and sharing best-practice insights. were met with widespread acclaim from attendees and fellow speakers. Her presentation not only o ered a unique perspective on the pivotal role of HR in digital transformation but also underscored Vodafone Ghana’s commitment to innovation and inclusivity. The CTO HR & ICT Forum 2023, themed “Digital Transformation: Building a future-ready HR,” convened professionals from over 30 member countries and thought leaders to discuss various facets of

Newmont Africa is the country’s leading gold producer and operates two gold mines: the Ahafo Mine in the Ahafo region, and the Akyem Mine in the Eastern region. It is in the process of establishing a third mine, which is currently at the Project Stage – the Ahafo North Project. The company is a subsidiary of Newmont Corporation, the world’s leading gold business. Commercial production at Ahafo and Akyem began in 2006 and 2013, respectively, and currently has about 6,700 employees, directly and indirectly across its operations.

Newmont is actively involved in exploration activities across the African continent, and globally.

Hannah Ashiokai Akrong, the Human Resources Director at Vodafone Ghana, recently shared her insights on the role of HR in digital transformation at the Commonwealth Telecommunications Organisation’s (CTO) HR & ICT Forum 2023.

Ashiokai, a recognised leader in the HR eld, presented Vodafone Ghana’s journey from a traditional telecommunications company to a technology-focused organisation. She underscored the company’s transformation pillars which include: a unique customer experience, a digital and personalised employee experience, and a commitment to fostering a digital society that includes everyone. Vodafone Ghana’s transformation, she explained, was not without challenges. The coexistence of new and old ways of working and interim digital skills gap, were among the hurdles faced. However, through constant communication of the vision and strategy, engagement, and training, adapting to new ways of working, a focused reskilling and upskilling program, the company was able to push the transformation agenda through.

The HR Director also emphasised Vodafone Ghana’s dedication to building a digital society and ensuring inclusivity. She pointed to initiatives such as the #CodeLikeAGirl programme which imparts coding skills and work experience to girls from underprivileged backgrounds and other such interventions aimed at bringing Vodafone Ghana’s communities along on its transformative journey.

Ashiokai’s insights at the forum

Ambassador Edward Boateng, Director-General of the State Interests and Governance Authority (SIGA), has been honored at the 7th Ghana CEO's Summit for his excellent contributions to public sector management.

The summit, held on May 22nd, 2023, at the Kempinski Gold Coast Hotel in Accra, was under the theme, “Economic Sovereignty,

Sustainable Corporate Governance, Digital Industrial Transformation: New Paths for Growth and Prosperity. A Private -Public Sector CEO Dialogue and Learning.”

This was contained in press statement issued by the. Corporate A airs Division of SIGA, Amb. Boateng, who was away on another o cial duty, was represented by Mr. Eric Bonsu Agyabeng, the Ag. Head of SIGA’s PME Division, who received the award on his behalf.

In his acceptance speech, Ambassador Edward Boateng lauded the organizers of the summit for recognizing SIGA’s accomplishments. He highlighted President Nana Addo Dankwa AkufoAddo’s visionary e orts in establishing

SIGA to ensure the pro table operations of Speci ed Entities.

He also appreciated his team for their hard work and purpose to duty, which led to him receiving the award. He encouraged sta to keep striving and to be torchbearers in carrying out SIGA's mandate.

“SIGA is working tirelessly with the Speci ed Entities to rise to the occasion and to create the economic super highway where businesses can thrive without being constrained by unnecessary bureaucracy. This will make Ghana a hub of economic prosperity, attracting both local and foreign investments”, his speech read.

The Ghana CEO's Summit, a renowned forum for encouraging dialogue and collaboration among corporate executives, featured a number of thought-provoking sessions, including presentations and panel discussions on a variety of topics. Experts shared useful concepts and strategies as they discussed digital transformations and their economic implications and highlighted success stories and a road map for creating a conducive business environment.

The summit also featured a vibrant business fair where exhibitors proudly displayed their wares. This exhibition provided companies with a unique opportunity to promote their o erings, forge potential partnerships and contributed to the summit's goal of supporting entrepreneurship and economic growth in Ghana.