Section 28: (1) Mineral royalties shall be assessed, collected and accounted for by the Ghana Revenue Authority in accordance with law and applicable Minerals Investment Agreements. (2) The mineral royalties assessed as due from a mining company in each month including any payments due for the late payment of mineral royalties calculated in accordance with the applicable law or any agreement between the relevant mining company and the Republic shall be paid by the relevant mining company by direct transfer into the Fund. (3) The mining company making the payment under subsection (2) shall immediately notify the Ghana Revenue Authority and the Fund in writing of the payment. (4) The Ghana Revenue Authority shall be responsible for the enforcement of the obligation of mining companies to make payment of mineral royalties and shall act in consultation with the Fund in this regard(5) Income accruing to the Republic from minerals paid to the Fund by a mining company shall (a) not be classified as taxes paid by the mining companies and shall not be expended as conventional tax revenue paid to the Government; and (b) be considered as paid to the Government under the Minerals and Mining Act, 2,006 (Act 703) and any Minerals Investment Agreement. 

Not Available

Not Avaiable