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Newmont Ghana receives most compliant taxpayer award

Kwame Addo-Kufuor, vice-president, government relations and strategic development, Newmont Africa, with Tula Zeng, interim regional chief financial officer, Newmont Africa, and Jerry Adusei, senior tax manager, Newmont Ghana. (Image source: Newmont)

Newmont Ghana has been awarded the Most Compliant Taxpayer for 2018 at the annual Ghana Revenue Authority (GRA) Staff and Stakeholders Awards Ceremony in Accra

The award recognised Newmont’s significant contribution to Ghana’s domestic tax revenue mobilisation and for being a good source of employment to many Ghanaians.

In a citation accompanying the award, the GRA described Newmont’s compliance level in 2018 as “overwhelming;” adding that “you are one of the companies that consistently files annual returns for all employees. Your contributions to tax revenue and employment generation have won the admiration of the GRA.”

In 2018, Newmont Ghana paid a total of US$151mn in taxes and forestry levy to the government of Ghana through the GRA and Forestry Commission.

In 2017, Newmont was awarded Ghana’s overall best taxpayer, for consistently meeting its financial obligations to the government of Ghana, compliance with Ghana’s tax laws and willingness to support the GRA’s tax collection and compliance improvement initiatives.

Tula Zeng, interim regional chief financial Officer, Newmont Africa, said, “We will continue to support the GRA’s tax administration efforts and believe through the ongoing collaboration with the government of Ghana, our regulators and host communities, Newmont Ghana will operate sustainably, create value and improve lives.”

Newmont stated that it is committed to operating ethically and respecting the law while creating long term value for all stakeholders.

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