The Minerals and Mining Royalty Regulations, 2025 have matured into law.
The Legislative Instrument (L.I.), which was laid before Parliament on December 19, 2025, introduces a sliding-scale framework that allows royalty rates to be adjusted in response to fluctuations in international commodity prices.
The approach is intended to enable the state to earn more revenue during periods of high global prices.
The regulation also establishes a one per cent Community Development Fund for lithium mining to support infrastructure projects in the Mfantseman Municipality and other mining communities.
However, Ghana has faced pressure from the United States, the United Kingdom, China, Canada and Australia to halt the planned increase in gold royalties, with concerns that the move could adversely affect some of the world’s largest mining companies operating in the country.
Determination of Mineral Price:
Gold
- For the purposes of calculating royalties, the market value of gold obtained pursuant to a mining operation shall be the weekly average of the London PM Fix Price of the London Bullion Market Association in United States Dollars per fine troy ounce with respect to the sales of gold during the month.
- Should the London PM Fix Price cease to exist, the parties may, by mutual agreement, designate an alternative market index as the basis for determining the average price at arm’s length for the sales of gold during the month.
Lithium (Spodumene)
- For the purposes of calculating royalties, the market value of spodumene produced from mining operations shall be determined by the parties on an arm’s-length basis, having regard to prevailing international market prices.
Other Minerals
- For the purposes of calculating royalties, the market value of other minerals obtained pursuant to a mining operation shall be as determined by the parties on an arm’s length basis.
