Ghana abolishes VAT on mineral exploration to attract investment, reversing limited new mining development trend. The 15% tax on exploration-related expenses was introduced 25 years ago, hindering greenfield investment. The move aims to revive investor confidence, stimulate greenfield activity, and promote responsible mining. Small-scale gold exports surged, surpassing large-scale exports for the first time, reflecting recent regulatory reforms. Ghana’s mining industry generates over one-third of export revenues, dominated by gold, bauxite, and manganese. The government aims to increase earnings from the industry through wider reforms and audits.

Read more at Yahoo Finance: Ghana mineral exploration tax reform aims to boost sector investment