Newmont pays $220m to Ghana gov’t in carried interest and capital gains tax

Last Wednesday, May 21, 2025, Newmont’s operations in Ghana made significant payments totaling US$220 million to the Government of Ghana.

The payments, which were made in accordance with Ghana’s mining laws and Newmont’s Revised Investment Agreement with the government, reflect the company’s commitment to responsible and transparent value sharing.

The contributions were made in two parts: US$50 million as Newmont’s 2025 interim carried interest payment—bringing the year-to-date carried interest contributions to US$80 million—and US$174 million in capital gains tax resulting from the sale of the Akyem Mine.

“We take these statutory payments seriously, guided by our overall commitment to value sharing in jurisdictions where we operate and reside,” said Danquah Addo-Yobo, Head of Finance for Newmont Africa. “We know how important such contributions are to the overall health of the Ghanaian economy.”

Finance Minister Hon. Dr. Cassiel Ato Forson commended the mining giant, stating, “Government acknowledges and appreciates Newmont’s consistency and promptness in meeting its financial obligations to the state, which will support our efforts at strengthening the Ghana cedi and the overall Ghanaian economy.”

Newmont remains Ghana’s largest gold producer and continues to play a vital role in the country’s economic development through taxes, employment, procurement, and social investments.

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