Ghana received GHS7.82 billion in mining royalties between January and September 2026, Lands and Natural Resources Minister Emmanuel Armah-Kofi Buah has said.
He was speaking at the Kwame Nkrumah University of Science and Technology (KNUST) Extractive Summit.
He credited the gain to a review of the royalty regime. Under the old flat system, mining companies paid fixed rates however high gold prices rose. The new sliding scale runs from 5% to 12% and moves with the gold price, so the state takes more when prices rise and less when they fall.
Mr Armah-Kofi Buah said the change had brought in about GHS4 billion more for the state. He also cited a figure of GHS3 billion, but did not set out how the two figures relate to the GHS7.82 billion total. The breakdown behind the GHS4 billion claim has not been published.
The minister said some international stakeholders had opposed the review, arguing that higher royalties could discourage investment. He said the government relied on industry data and international practice, and that miners could still make reasonable profits.
Gold is Ghana's largest export, and royalties are one of the main ways the state shares in its value alongside corporate tax and equity stakes.