Finance Minister Dr. Cassiel Ato Forson Receives GH¢391 Million Dividend from Perseus Mining

The Government of Ghana has received a substantial dividend of GH¢391 million (approximately US$35 million) from Perseus Mining (Ghana) Limited, marking a significant sevenfold increase from the US$5 million paid during the previous fiscal year. Finance Minister Dr. Cassiel Ato Forson, who received the payment on behalf of the state during a ceremony in Accra, commended the mining firm for its robust operational performance and its continued contribution to the national economy. The payment stems from the government’s 10% carried interest in the mining company, highlighting a period of increased profitability for the firm during its 2026 financial year.

Dr. Forson attributed the surge in dividend revenue to favorable global gold prices and the effectiveness of the government’s sliding-scale royalty regime. This framework is designed to ensure that the state captures a larger share of mineral wealth when commodity prices are high, providing a crucial boost to the national treasury. During the presentation, the Finance Minister urged other mining companies operating in the country to follow Perseus Mining’s lead by ensuring the government receives its fair share of dividends according to its equity stakes, reinforcing the principle that the nation’s natural resources must yield tangible benefits for its citizens.

In a move to further support the mining sector and encourage continued investment, Dr. Forson announced that the government does not intend to introduce new taxes on the industry in the medium term. He specifically highlighted plans to abolish the Growth and Sustainability Levy, a move aimed at easing the fiscal burden on corporations and fostering a more competitive business environment. This assurance of fiscal stability is intended to provide mining firms with the predictability needed for long-term capital planning.

The Board Chairman of Perseus Mining emphasized that the GH¢391 million dividend is part of a broader commitment to Ghana’s development. To date, the company has contributed approximately GH¢1.72 billion in mineral royalties and GH¢4.2 billion in corporate income taxes, alongside various social investment programs in its host communities. The company leadership underscored the importance of a stable and predictable regulatory environment, noting that such conditions are essential for Perseus Mining to maintain its strong operational performance and continue driving sustainable growth within the Ghanaian extractive sector.