#FirstpostAfrica: Ghana, Africa’s top gold producer, is moving to overhaul its mining rules as gold prices surge. The government wants to replace a flat royalty with a sliding rate of five to twelve percent, capturing more revenue during price booms. Miners warn the plan could hurt investment and raise costs, especially for marginal mines. To ease concerns, the finance minister has offered to cut a separate mining levy by two points. The debate highlights Africa’s balancing act between resource

610 reactions · 65 shares | Ghana is a nation known across the world as one of Africa’s largest gold producers, but has for many years exported that gold in its raw form, while others captured its real value. However, that will now change after the West African nation revealed it will refine one metric ton of gold every week. @sandrababuboateng breaks down how this will happen. #face2faceafrica #africa #thebreakdownwithsandra #gold #ghana | Face2Face Africa | Facebook