Newmont Ghana (the Ahafo and Akyem Mines) paid a total of GH ?76,783,341($ 30,766,933) for the first quarter (January ? March) 2014, to the Government through the Ghana Revenue Authority (GRA).
Additionally in 2013, Newmont Ghana contributed GH ?302,984,925($ 153,764,009) to the government tax revenue, says a statement issued by the company.
Out of the first quarter tax payment, the Ahafo Mine contributed GH ? 269,411,902 ($ 136,873,687) and GH ?33,573,023 ( $ 16,890,322) for the Akyem Mine.
The first quarter amount represents the Corporate Income Tax of GH ?30,573,980( $ 11,526,477), Mineral Royalty of GH ? 25,382,814 ($10,279,055), Withholding tax of GH ? 9,090,657 ($ 3,841,521) and Pay As You Earn Tax of GH ? 11,735,890 ( $ 5,119,880).
This brings to date, total tax payments of GH ?1,162,393,740 ($ 686,845,941)by Newmont Ghana to the GRA since it started production in 2006.
Newmont Ahafo Foundation (NADeF) together as at year end 2013, had accrued GH ?30 Million ( $17.6M). NADeF has also funded the execution of the only nursing college in the Brong Ahafo Region- the Ntotroso College of Nursing, community? libraries, teachers? quarters, a water system facility, a micro-credit scheme and awarded scholarships worth GH ?5 million to 4,487 students.
In Akyem, Newmont has undertaken significant community development projects including hospital wards, operating theatre, reliable power, doctors and nurses accommodation and modern water storage and distribution infrastructure including administration facilities.
In the area of education the company has provided schools, classrooms, male and female dormitories, male and female toilets and vocational college as well modern waste collection and handling facility.
Newmont has also constructed Community policing infrastructure. GNA
