Business News of Tuesday, 26 February 2013

Source: Gold Fields Ghana

Gold Fields Ghana is 2012 best tax payer

The Ghana Revenue Authority (GRA) presented Gold Fields Ghana Limited with the Best Tax Payer Award for 2012 at its annual awards ceremony in Accra.

The ceremony, held at the State Banquet hall, recognised corporate institutions for their significant contributions to government revenue in terms of taxes paid. It also honoured its staff that worked hard in the year.

Presenting the award to Gold Fields Ghana, the Commissioner General of the Ghana Revenue Authority, George Blankson, said that the Authority was pleased with Gold Fields Ghana and has keenly watched the company’s commitment to the development of the country’s economy over the years.

Gold Fields Ghana makes significant contributions through the payment of taxes and promptness in payments.

He added that Gold Fields Ghana’s commitment to the socio economic development of communities in which it operated and the country could not be over-emphasised. Mr Blankson congratulated Gold Fields Ghana and urged the company not to relent in its hard work.

In 2012, Gold Fields Ghana contributed a total of US$250million to Government revenue in the form of taxes, dividend and royalties.

In 2011, the company’s total payment to government was US$350million.

In the 2011 Ghana Club 100 awards, the Ghana Investment Promotion Centre (GIPC) named Gold Fields Ghana as the Highest Tax Payer for the year. Gold Fields Ghana has been in the Ghanaian mining industry since 1993 and contributes significantly to Government revenue each year.

In line with its commitment to its vision “to be the leader in sustainable gold mining” Gold Fields Ghana also invests in the sustainable development of the communities in which it operates.

Annually, the company commits about US$2million to the development of its communities in the areas of education, health, agriculture, water and sanitation and general infrastructure. In 2012 alone, US$4.5million was invested in communities.