{
  "id": 18635085,
  "title": "Ghana loses $6.5bn in potential mining revenue – IFS",
  "url": "https://urgent.news/2026/11/07/ghana-loses-6-5bn-in-potential-mining-revenue-ifs-18635085",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T03:09:07.000Z",
  "source": {
    "name": "Joy Business",
    "slug": "joy-business",
    "url": "https://www.myjoyonline.com/ghana-loses-6-5bn-in-potential-mining-revenue-ifs/"
  },
  "original_language": "en",
  "account": "Ghana has reportedly lost $6.56 billion annually in potential mining revenue due to the government's limited involvement in the sector, according to the Institute for Fiscal Studies (IFS). In a policy briefing held in Accra, Dr. Said Boakye, the Institute's Executive Director, stated that if Ghana had matched Botswana's mining revenue performance, it could have generated an additional $8.16 billion in 2025. Dr. Boakye identified tax evasion, underreporting, tax avoidance, and collusion among revenue administrators as major contributors to revenue leakages. The country's revenue and grants-to-GDP ratio was 15.7% in 2022, below the sub-Saharan African average of 20.1%. Ghana ranked 18th among 25 countries in terms of revenue mobilisation. Dr. Boakye suggested the government to increase its direct involvement in the extractive sector through partnerships or production-sharing agreements, as well as intensify efforts to combat corruption within tax and non-tax revenue collection agencies.",
  "summary": "The country loses an estimated $6.56 billion in potential revenue from the mining sector every year due to the government’s limited participation in mineral extraction, the Institute for Fiscal Studies (IFS) has revealed.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "3News",
        "title": "Ghana loses US$6.56bn a year in potential mining revenue – IFS",
        "url": "https://urgent.news/2026/11/07/ghana-loses-us-6-56bn-a-year-in-potential-mining-revenue-ifs",
        "published": "2026-11-07T06:47:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}