Government Receives US$ 35 Million Dividend from Perseus Mining Ghana Limited

Accra: Finance Minister Dr. Cassiel Ato Forson has received a GHS391 million (US$35 million) dividend payment from Perseus Mining Ghana Limited (PMGL), representing the Government of Ghana's entitlement as a ten percent shareholder in the company. The dividend, presented to the Minister by the Chairman of the Board of Perseus Mining (Ghana) Limited, Ehunabobrim Prah Agyensaim VI, signifies a substantial increase in the company's contribution to the State compared to the previous year. According to Ghana News Agency, the latest payment translates into a dividend of US$2,890 per share, a significant rise from the maiden dividend of US$413 per share declared for the 2024 financial year. Presenting the cheque, Ehunabobrim Prah Agyensaim VI stated that the notable growth in the dividend reflected the company's robust performance, operational excellence, prudent stewardship of resources, and the value created through its partnership with the Government of Ghana. He emphasized that PMGL was proud of generating tang ible returns for Ghanaians through the government's ten percent shareholding in the company. The Board Chairman highlighted that the company's contribution to Ghana extended well beyond dividend payments, noting the substantial revenues generated for the State through taxes, royalties, and other statutory obligations since commencing operations. As of June 30, 2026, Perseus Mining reported paying GHS1.72 billion (US$229 million) in mineral royalties, GHS4.2 billion (US$367 million) in corporate income taxes and Growth and Sustainability Levy, and GHS1.96 billion (US$246 million) in PAYE and other statutory taxes. Nana Agyensaim stated that these payments demonstrated the company's commitment to fulfilling its fiscal obligations and contributing significantly to Ghana's economic growth and development. He emphasized that the company viewed itself not merely as a mining operator but as a long-term corporate partner in Ghana's economic development. During the event, Nana Agyensaim called for continued collabo ration between the Government and the mining industry, particularly in creating a stable, predictable, and competitive business environment to attract further investment. He identified critical areas such as policy stability and consistency, fiscal certainty, efficient regulatory processes, and support for responsible mining operations as essential for unlocking additional investments in Ghana's minerals sector. Ehunabobrim Agyensaim stressed the importance of a predictable investment environment for mining companies, the government, and communities reliant on mining activity. He noted that long-term certainty would encourage companies to commit additional capital to Ghana while ensuring the state benefits through taxes, royalties, dividends, and employment. Beyond fiscal contributions, PMGL highlighted its social investment programs in host communities, supporting initiatives in education, healthcare, infrastructure development, skills training, and local enterprise development. Nana Agyensaim reaffirmed t he company's commitment to responsible operations and strong relationships with government and host communities to ensure lasting economic and social benefits for Ghana. Receiving the cheque, Dr. Forson noted that the dividend increase demonstrated improved profitability within the company and underscored the importance of ensuring Ghana derives greater value from its natural resources. He pointed out that the development reflected the impact of higher gold prices on the international market and reinforced the need for resource-owning countries to benefit when commodity prices and company profitability rise. Dr. Forson acknowledged the need for predictability in Ghana's fiscal and policy environment, questioning the appropriateness of a 25-year stability agreement in a rapidly changing global economy. He assured mining companies that the government did not intend to introduce additional taxes on the industry beyond the existing fiscal framework while emphasizing the adequacy of current corporate income tax and royalty regimes. The Minister commended Perseus Mining for its contribution to Ghana and urged other mining companies to emulate its example, ensuring the state receives appropriate returns from its equity participation in the sector. The presentation of the GHS391 million dividend marked not only a financial return to the government but also renewed calls for a stronger partnership between the State and mining companies to ensure Ghana's mineral wealth delivers sustainable benefits to its citizens.