News
Newmont Pays $174 Million in Capital Gains Tax as Government Eyes Infrastructure Boost in Mining Communities
The Government of Ghana has received a $174 million cheque from Newmont as part payment of capital gains tax arising from the sale of the Akyem Mine, which was valued at nearly $1 billion.
The payment represents a significant portion of the estimated $220 million due to the state from the transaction.
In addition to the tax payment, Newmont also presented a separate $50 million cheque representing Ghana’s carried interest in the deal.
Finance Minister Dr. Cassiel Ato Forson, who received the delegation from Newmont led by Danquah Addo-Yobo, Head of Finance for the Africa–Canada Business Unit, commended the mining firm for its good faith and commitment to tax compliance.
“I use this opportunity to remind you of the expectations of government under the Growth and Sustainability Levy, and urge you to continue in the spirit of transparency and partnership,” Dr. Forson stated.
The Finance Minister further assured the delegation of government’s readiness to address infrastructure challenges in mining communities, particularly the long-standing condition of the Kumasi–Kenyasi road.
He announced that discussions would begin immediately with the Roads Ministry, with construction expected to take 12 to 18 months.
The Ghana Police Service has arrested three (3) suspects in connection with a case of possession of narcotic drugs and engaging in prohibited drug-related activities within the Accra metropolis.
On April 10, 2026, the Special Operations Assistant to the Inspector General of Police received intelligence that a group of individuals were planning to engage in the sale of suspected narcotic drugs at Dzorwulu in Accra.
A surveillance operation was mounted and on 11th April 2026, a Police team proceeded to the area and arrested two suspects, Bright Ayivor and Ifeanyi Ijeoba.
The suspects were found in possession of twenty-two (22) compressed substances suspected to be cocaine, which were being prepared for sale to a prospective buyer.
Further interrogation of the suspects led to the identification of a third suspect, Kwabena Botwe as a key figure in the drug trade.
A follow-up operation at Caprice resulted in his arrest after Police mounted surveillance during a planned transaction involving proceeds from the sale of the suspected drugs.
The suspect later led Police to his residence at Greda Estates, where a search resulted in the retrieval of an amount of GHc400,000 and a counting machine.
According to the police, during the operation, he attempted to bribe the arresting officers with an additional GHc420,000, which has been retained as evidence.
All the suspects are currently in Police custody assisting investigations and will be put before the court.
The Inspector General of Police (IGP), Mr. Christian Tetteh Yohuno, yesterday April 14, 2026, promoted seven officers of the Tema Regional Police Command to their next ranks for their role in a recent anti-robbery operation in Tema.
The promotions were awarded to officers who responded to a robbery attack on a Mobile Money vendor at Tema Community 5 leading to the shooting of two robbery suspects and the recovery of a firearm, ammunition, and other exhibits.
The officers promoted are Chief Inspector Enoch Nartey Nuer, Inspector Gershon Dekpey; Inspector Prince Asante; No. 45881 Sergeant Lukman Mohammed; No. 49900 Sergeant Eugene Kuudouru; No. 54157 Corporal Jerome Akator; and No. 59882 Lance Corporal Jonathan Sewurah.
The IGP, together with members of the Police Management Board (POMAB), congratulated the officers on their promotion and commended them for their courage, discipline, and commitment to duty.
The IGP urged the officers to view their promotion as a call to higher responsibility and encouraged all personnel to continue working with dedication and professionalism in the service of the nation.
