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.
News
UTAG, TUTAG, and CETAG threaten strike over delayed book and research allowance
The University Teachers Association of Ghana (UTAG), the Technical University Teachers Association of Ghana (TUTAG), and the Colleges of Education Teachers Association of Ghana (CETAG) have jointly issued a demand for the immediate payment of their Book and Research Allowance.
They have further indicated that failure by the government to honour this obligation will compel them to embark on a nationwide strike effective Thursday, June 13, 2025.
In a statement issued today, under the headline ‘Exchange Rate and Payment for the Book and Research (BRA) Allowance’ indicates that“The University Teachers Association of Ghana (UTAG), the Technical University Teachers Association of Ghana (TUTAG), and the Colleges of Education Teachers Association of Ghana(CETAG) wish to express our deep concern and discontent over the undue delay in releasing the exchange rate for the book and research allowance and payment.”
According to them, this delay has caused significant uncertainty and frustration among our members, who depend on this critical support for their research and academic work.
They noted that at a joint meeting held on June 8, 2025, the undersigned unions unanimously resolved that the government must, as a matter of urgency, release the exchange rate and commence the payment process for the book and research allowance to our members.
“Despite the late release of the rates.we have resolved that we will not accept an extension of payments beyond September 2025. We
stress that this allowance is a statutory entitlement under our Conditions of Service and an essential resource for advancing research, teaching, and knowledge sharing,” they added.
The joint statement further added that“We hereby notify all stakeholders that if the government fails to
UTAG, TUTAG, and CETAG threaten strike over delayed book and research allowance
The University Teachers Association of Ghana (UTAG), the Technical University Teachers Association of Ghana (TUTAG), and the Colleges of Education Teachers Association of Ghana (CETAG) have jointly issued a demand for the immediate payment of their Book and Research Allowance.
They have further indicated that failure by the government to honour this obligation will compel them to embark on a nationwide strike effective Thursday, June 13, 2025.
In a statement issued today, under the headline ‘Exchange Rate and Payment for the Book and Research (BRA) Allowance’ indicates that“The University Teachers Association of Ghana (UTAG), the Technical University Teachers Association5 of Ghana (TUTAG), and the Colleges of Education Teachers Association of Ghana(CETAG) wish to express our deep concern and discontent over the undue delay in releasing the exchange rate for the book and research allowance and payment.”
According to them, this delay has caused significant uncertainty and frustration among our members, who depend on this critical support for their research and academic work.
They noted that at a joint meeting held on June 8, 2025, the undersigned unions unanimously resolved that the government must, as a matter of urgency, release the exchange rate and commence the payment process for the book and research allowance to our members.
“Despite the late release of the rates.we have resolved that we will not accept an extension of payments beyond September 2025. We
stress that this allowance is a statutory entitlement under our Conditions of Service and an essential resource for advancing research, teaching, and knowledge sharing,” they added.
The joint statement further added that“We hereby notify all stakeholders that if the government fails to commence the payment process by the 13th of June 2025, this will be considered a strike notice by UTAG, TUTAG, and CETAG across all campuses to the government.”
“We urge the government to act swiftly to avert any disruption to the academic calendar and to ensure that the welfare of teachers and the broader academic community is prioritised,” the statement concluded.
By Edem Mensah-Tsotorme
News
Chief Imam endorses ‘Let Love Lead’s’ clean-up campaign at Nkrumah Circle
The National Chief Imam, Sheikh Osman Nuhu Sharubutu, has thrown his weight behind the upcoming city-wide clean-up exercise scheduled for Saturday, June 14, 2025, at Kwame Nkrumah Circle.
The revered Islamic leader gave his blessing during a consultative meeting with organisers of the exercise, calling the initiative a “commendable national duty” that aligns with both religious and civic responsibility.
The clean-up, which marks the third edition of a growing sanitation drive, is being organised by community stakeholders and supported by civil society groups.
This year’s exercise is especially symbolic as it coincides with the 10th anniversary of the June 3, 2015 flood and fire disaster that claimed over 150 lives at the same location.
“The well-being of our people and the cleanliness of our environment are acts of faith and service,” the Chief Imam said.
“We must all come together—Christians, Muslims, traditionalists, and non-religious people alike—to honour the memory of those lost and prevent future tragedies,” He added.
Organisers, ‘Let Love Lead’, say the Chief Imam’s endorsement adds significant moral weight to the campaign, which already enjoys growing national support.
Engagements have also been held with traditional rulers, MPs, government officials, and social influencers to galvanise wider participation.
This year’s event is expected to go beyond sanitation. Side activities include medical outreach, disaster preparedness education, interfaith prayers, and donations to victims of the June 3 disaster.
Nene Lartey Osakonor I (Big Dawood), a traditional leader spearheading coordination, described the Chief Imam’s support as “invaluable.”
He said, “We are deeply honoured by the Chief Imam’s endorsement.
“His message is a powerful reminder that sanitation is not just a government or NGO responsibility—it’s a spiritual and civic duty,” he added.
More institutions, volunteers, and media houses are expected to join the campaign as the date draws near.
