Parliament has approved a grant of fiscal concessions to Anglogold Ashanti (Ghana) Limited under a Tax Concession Agreement (TCA) between the Government of the Republic of Ghana and Anglogold Ashanti (Ghana) Limited.
The total estimated value of the taxes and duties involved in the fiscal concessions is the Cedi equivalent of two hundred and fifty-nine million United States Dollars (US$259,000,000.00), according to a report presented on the floor of Parliament by the Joint Committee on Finance and Mines and Energy on the tax concession agreement between the government of the Republic of Ghana and Anglogold Ashanti (Ghana) Limited for the Obuasi Mine development.
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