IMF encourages Ghana to up mining revenue

[miningmx.com] — GHANA, Africa’s second biggest gold producer, should look at options to increase tax revenues from its mining sector, the International Monetary Fund said on Tuesday.

IMF Mission Head Christina Daseking said the Fund recommended that the government “explores ways of taxing the mining sector in order to earn more revenue from there”.

Daseking also suggested the Bank of Ghana should stand ready to adjust its interest rates to balance risk factors to its economy, whose expansion has been boosted by the start of commercial oil production in December 2010.