The Bank of Ghana has directed mining firms to channel their foreign exchange inflows through commercial banks, rather than directly to the central bank.
The final VAT rate that will be paid by businesses is expected to be reduced from 22% to 20 % from 2026. Businesses currently pay about 22 percent as the effective VAT, however due to the current on-going reforms and moves to simplify this tax type and regulations, that final rate will be reduced to 20 percent.