Ghana’s public coffers received a major boost as gold producer Perseus Mining (Ghana) Limited presented a GH¢391.2 million (US$35 million) dividend to the government, marking a sevenfold increase from the US5 million paid to the state in the previous financial year.
The dividend check, representing the state’s 10 percent equity shareholding in the mining company, was presented to Minister for Finance Dr. Cassiel Ato Forson by the Chairman of the Board of Directors of Perseus Mining (Ghana) Limited, Ehunabobrim Prah Agyensaim VI.
Presenting the payment, the board chairman highlighted that the substantial payout translates to US2,890 per share, up sharply from the US413 per share declared in 2024. He noted that the surge in returns reflects strong operational performance and collaborative management with state authorities.
“This remarkable growth reflects the strong performance of the company, our commitment to operational excellence, prudent stewardship of resources, and the value created through our partnership with the Government of Ghana,” Ehunabobrim Prah Agyensaim VI stated during the presentation. “Perseus Mining is proud that its success is generating tangible returns for Ghanaians.”
The board chairman also underscored that the company’s economic footprint extends beyond equity dividends, pointing to cumulative tax payments, statutory royalties, and social investment commitments across its operational footprints in Ghana.
“Constructive collaboration among all stakeholders is essential to ensuring that natural resource development produces lasting economic and social benefits for Ghana,” he added, emphasizing the need for a predictable investment environment.
Mining Reforms Yield Results
Receiving the contribution on behalf of the state, Finance Minister Dr. Cassiel Ato Forson welcomed the increased payout, linking the higher returns directly to improved corporate profitability, high global gold prices, and the government’s fiscal framework reforms in the extractive sector.
“It tells a story. A story that the company is making more profit, and a story that shareholders are indeed making more profit,” Dr. Forson said. “Ghana must receive its fair share from the extractive sector. That is why we introduced the sliding-scale system: when mining companies earn more, the people of Ghana must benefit more!”
The Finance Minister reiterated the government’s commitment to maintaining fiscal policies that keep mining operations profitable and attractive to investors while ensuring that the public derives maximum value from the country’s natural mineral wealth.
