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Ghana Hiking Taxes on Miners to 35% from 25%

Ghana will increase its corporate tax rate for mining companies to 35 percent from 25 percent, and will collect a 10 percent windfall profit tax from miners, according to a text of the 2012 budget delivered to parliament on Wednesday.

Nigeria GDP rebasing may see big upward

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Nigeria plans to change the base year for its gross domestic product (GDP) to 2008 from 1990, a move that could lead to a huge jump in the estimated size of Africa's second biggest economy, the national statistics chief said on Thursday.
Gold Fields CEO Nicholas J. Holland

Gold Fields 3Q Profit Triples, Efficiency Gains Key

Gold Fields Ltd.'s third-quarter profit tripled from the year-earlier quarter as surging gold prices and enhanced efficiency offset higher operating costs, the world's fourth-largest gold miner reported Thursday.
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Ghana Faces Poisoning from E-waste.

E-waste Poisons African Community, Research Shows

Researchers found dangerous levels of metals - iron, magnesium, copper, zinc, cadmium, chromium, nickel and lead - across Accra removed from the Agbogbloshie scrap yard where residents burn away plastic to extract metals.

IMF Suggests Ghana Raise Taxes on Miners

The International Monetary Fund told officials of Ghana, Africa's second-largest gold producer, that they should consider hiking taxes on the mining sector to boost revenue.
cedi

Ghana cedi extends gains as miners sell dollars

The Ghana cedi continues to extend gains made late last week and could pursue the upward trend if the central bank and mining sector keep supplying the market with dollars, traders said.
IMF could buy Spanish, Italian paper alongside EFSF

IMF positive on Ghana outlook but warns on finances

The International Monetary Fund hailed the medium-term outlook for Ghana's oil-fueled economy as positive on Monday, but warned it would have to rein in public finances to keep the public deficit under control.
Malaria Patient in Sao Felix

World's first malaria vaccine works in major trial

An experimental vaccine from GlaxoSmithKline halved the risk of African children getting malaria in a major clinical trial, making it likely to become the world's first shot against the deadly disease.
Cocoa

Ivory Coast ends consultations on cocoa reforms

Ivory Coast's government has ended consultations with cocoa exporters and farmers on planned reforms to the sector that will guarantee its hundreds of thousands of smallholders a minimum selling price, officials said on Thursday.
Global Warming Makes Chocolate Dearer

Global Warming Makes Chocolate Dearer

New findings by the International Centre for Tropical Agriculture (CIAT) reveals that if preventive measures are not taken, the annual temperature increases and changing rainfall patterns would most likely hamper crop production efforts in West Africa, which currently supplies half of the world's cocoa produce.
220 kg block of gold

Ghana in Talks with Gold Miners over More Taxes

Ghana is in talks with gold miners in the country, Africa's second-biggest producer, over additional taxes so as to benefit from the soaring price of the precious metal, the government said on Tuesday.
Peace Prize

Nobel Peace Prize 2011 Winners: 5 Things to Know

The 2011 Nobel Peace Prize was awarded to three women on Friday for their collective nonviolent struggle for the safety of women and for women's rights to full participation in peace-building work.

Ghana oil target likely delayed again: GNPC

Ghana is likely to miss its target of boosting oil production to 120,000 barrels per day by the end of the year due to technical challenges, the head of state oil company GNPC said on Thursday, marking a second delay.
Workers prepare to load sacks of cocoa onto a ship at the port of Abidjan

I.Coast intensifies fight against cocoa smuggling

Top world cocoa grower Ivory Coast has ramped up border security and warned cocoa dealers they could be prosecuted if they are caught smuggling beans to neighbouring countries, farmers and a government source said on Wednesday.
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Banro to Start Gold Production in Congo on Oct. 10

Canadian gold mining company Banro will start producing gold at its Democratic Republic of Congo mine on Oct. 10, ramping up output to 120,000 ounces per year by January, the company said on Wednesday.

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