Emmanuel Armah Kofi Buah says Ghana earned GH₵7.82bn in mining royalties

Ghana generated GH₵7.82 billion in mining royalties during the first nine months of 2026, marking a period of significant fiscal return for the extractive sector. The Minister for Lands and Natural Resources, Emmanuel Armah Kofi Buah, disclosed these figures during a seminar at the Kwame Nkrumah University of Science and Technology (KNUST) on November 3, 2026. The event, which focused on leading Ghana’s extractive future, provided a platform for the government to outline its progress in managing the nation’s mineral wealth.

The royalties earned between January and September 2026 represent an increase of GH₵4 million compared to the same period in 2025. Minister Buah attributed this growth to a strategic review of the royalty regime, which saw the rate for extractive minerals rise from 5% to 12%. This policy adjustment was a central component of the government’s efforts to ensure that the state receives a more equitable share of revenues from mining activities to support national development goals.

During his address, the Minister noted that the increase in royalty rates was met with initial opposition from some foreign interests. However, he emphasized that the higher rate has proven beneficial to the national treasury without discouraging investment in the sector. According to Buah, the mining industry remains a robust part of the economy, and the new fiscal regime has demonstrated that the state can maximize resource benefits while maintaining a stable environment for international mining companies.

The announcement underscores the administration's broader commitment to transparency and resource optimization. By reporting these earnings, the Ministry of Lands and Natural Resources aims to demonstrate the effectiveness of its regulatory reforms. Moving forward, the government intends to maintain its focus on policies that balance the interests of investors with the need for sustainable domestic revenue, ensuring that Ghana’s mineral resources continue to contribute to the country's long-term prosperity.