Inception reportAggregation of mining benefits in Ghana文档格式.docx

Inception reportAggregation of mining benefits in Ghana文档格式.docx

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TABLEOFCONTENTS

CONTENTPage

ListofAbbreviationsi

EXECUTIVESUMMARYii

1.02.0BACKGROUND

2.1BriefabouttheMiningIndustryinGhana1

2.2BriefabouttheINTRODUCTION1

EITI1

2.3EITIinGhana2

2.4BenefitsofEITI.3

2.5EITIandAggregation3

3.0PRELIMINARYMEETINGS

3.1InitiationMeetingwithEITISteeringCommittee.5

4.0MINISTRIES,DEPARTMENTSANDAGENCIES

4.1MineralsCommission8

4.2MinesDepartment10

4.3Customs,ExciseandPreventiveService11

4.4InternalRevenueService12

4.5Non-TaxRevenueUnit（MOFEP）14

4.6OfficeoftheAdministratorofStoolLands15

5.0MEETINGSWITHMININGCOMPANIES

5.1ChamberofMines17

5.2OutcomesofMeetings.18

6.0DISTRICTASSEMBLIES/TRADITIONALCOUNCILS21

7.0BENEFITSTREAMSFORAGGREGATION27

8.0EMERGINGISSUES27

9.0APPROACHANDMETHODOLOGY28

10.CONCLUSION31

Listofappendices

Appendix1Workplan

Appendix2A-DTemplatesforGovernment,Company,DistrictandAggregator

Appendix3ListofpaymentsattheMineralsCommission

Appendix4ListofpaymentsattheMinesDepartment

Appendix5Timetableforminesvisit

Appendix6Listoforganizationsvisited/Personnelvisited.

ListofAbbreviations/Acronyms

CEPSCustomsExciseandPreventiveService

C/FundConsolidatedFund

DADistrictAssembly

EITIExtractiveIndustriesTransparencyInitiative

IRSInternalRevenueService

MOFEPMinistryofFinanceandEconomicPlanning

NTRUNonTaxRevenueUnit.

OASLOfficeoftheAdministratorofStoolLands

TATraditionalAuthority

TCTraditionalCouncil

EXECUTIVESUMMARY

Introduction

TheExtractiveIndustriesTransparencyInitiative（EITI）aimstoimprovedevelopmentoutcomes

frombenefitspaidtogovernmentsbytheextractiveindustries.

Additionally,theinitiativeseekstoreducethepotentialforcorruptionandlargescaleembezzlement

ofthesebenefits.

Theaboveobjectivesaretobeachievedbyenhancingtransparencyinthepayments,receipts,disbursementsandutilizationofminingbenefits.

TothisendanIndependentAggregator（MessrsBoasandAssociates）wasappointedbytheMinistryofFinanceandEconomicPlanning,tocollect,analyzeandaggregatepaymentsmadebyminingcompaniestotheGovernmentofGhana.

Approach

Theassignmenthasbeendividedintothree（3）phases.Thesearei）Inception

ii）Aggregationiii）DevelopmentofframeworkorGuidelinesforensuringtransparencyinthebenefitsreceivedbythegovernment.

Whilstthefirsttwophasesinvolvedefinitiveactivities,thefinalphase（developmentofframework）isbasedonfeedbackoftheobservations,findingsandexperiencesgatheredinthefirsttwostages.

ThisreportcoversactivitiesundertakenduringtheInceptionphase

Inceptionphase

Thisisthepreliminaryinformationgatheringstage.TheAggregatorinteractedwithMiningcompanies,GovernmentRevenueAgencies,DistrictAssembliesandTraditionalAuthorities.Ingeneraltheresponsefromallstakeholdershasbeenencouraging.

Themainobjectivesforthesemeetingswere:

∙Tointeractwiththevariousstakeholderstogainabetterunderstandingoftheir

operations

∙Conductasituationalanalysistohelpputtheassignmentinthebestperspective.

∙CollectdataonpaymentsmadebytheMiningCompanies,andthebenefitsreceivedbytheGovernmentthroughtheRevenueAgenciesanddisbursementsmadetothecommunitieswithintheoperationalareasofthemines.

KeyobservationsmadeduringtheinceptionphasewouldbeinvestigatedduringtheAggregationphase.

Theseobservationshavebeencategorizedunderthefourmaincomponentsoftheassignment（Payments;

Receipts;

DisbursementsandUtilization）asfollows;

Payment

i）Almostalltheminingcompaniesvisitedhadchangedownershipwithinthelast10years

ii）Itappearstherehasnotbeenanypaymentofcapitalgainstaxduringthechangesinownership.

iii）Lackofuniformityinpricingminerals（gold）producedleadingtovariationsinthecomputationof

royaltypayment.

iv）Applicationbytheminingcompaniesofdifferentexchangerateregimesforthepaymentofmineral

royalties.

v）Allminingcompaniespayroyaltiesusingtheminimumapplicablerateof3%.

vi）Itappearsdividendwithholdingtaxesarenotpaidbytheminingcompanies.

Receipts

i）ApparentlackofformalizedcontactsbetweentheInternalRevenueService

（IRS）,andotherminingsectoragenciesforthereconciliationoffiguresrelatedtoroyalties

ii）Separatebankaccountsarenotkeptforroyaltyreceipts.

Disbursement

i）LackofdocumentationonpaymentsmadebytheOfficeoftheAdministratorof

StoolLandstotheDistrictAssemblies,TraditionalCouncilsandStools.

ii）Reporteddelaysinthepaymentofmineralroyaltiestobeneficiaryinstitutions.

Utilisation

Lackofguidelinesfortheapplicationofpaymentsreceivedbybeneficiaryinstitutions

（DistrictAssemblies,TraditionalCouncilsandStools）.

Aggregationphase

Thenextphase,whichistheaggregationphasewillinvolve,thecollection,collationandanalysisofdata

Itshallalsoincludeprocessing（mineralproduction）andfinancialauditoftheeight（8）selected

miningcompaniesnamely:

AnglogoldAshanti（Iduaprim）;

AnglogoldAshanti（Obuasi）;

AnglogoldAshanti（Bibiani）;

Goldfields（Tarkwa）,Goldfields（Daman）;

BogosuGoldLtd（Bogosu）

GhanaManganeseLtd（Nsuta）;

GhanaBauxiteLtd（Awaso）.

Thebenefits/paymentstobeaggregatedinclude;

Mineralroyalties,Mineralrightlicences;

Propertyrates;

Groundrent,corporatetax,anddividends

Conclusion

TheknowledgeandunderstandinggainedattheinceptionphasewouldserveastheplatformfortheAggregationPhaseoftheassignment.TheAggregationphasewillincludethecollectionandanalysisofdataonminingbenefits,theaggregationofthebenefitsandcompletionofrequisitetemplates.

Therewouldbecontinuousstudiesontheframeworkforenhancingtransparencyinpayments,receipts,disbursementsandutilizationofminingbenefits.

1.0INTRODUCTION

TheGovernmentofGhanathroughtheMinistryofFinanceandEconomicPlanning（MOFEP）hasassociateditselfwiththeExtractiveIndustriesTransparencyInitiative（EITI）whichwaslaunchedattheWorldSummitonSustainableDevelopmentinJohannesburg.

ToimplementtheEITIinGhanatheMinistryofFinanceandEconomicPlanninghasappointedMessrsBoas&

Associates,aCharteredAccountingandMiningConsultingfirmastheIndependentAggregator.

TheIndependentAggregatoristaskedtocollect,analyseandaggregatepaymentsmadebyminingcompaniestotheGovernmentofGhanaandtoascertainthedisbursementsmadebytheGovernmenttotherelevantminingcommunitiesanditsutilization.

2.0BACKGROUND.

2.1BriefabouttheMiningIndustryinGhana.

UndertheMineralsandMiningAct,2006,Act703,everymineralinitsnaturalstatein,underoruponanylandinGhana,rivers,streams,watercoursesthroughoutthecountry,theexclusiveeconomiczoneandanyareacoveredbyterritorialseaorcontinentalshelfisthepropertyoftheRepublicofGhanaandisvestedinthePresidentintrustforthepeopleofGhana.

TheMiningindustryinGhanamakesasubstantialcontributiontotheeconomy.ThemineralsSectoraccountsforabout11%offiscalreceiptsbytheInternalRevenueService（IRS）.

Goldminingremainsthehighestcontributorinthesector,withlargescalegoldminingaccountingforover80%byvalueofthetotalincomefromthesector.Theotherimportantmineralsare,diamond,bauxite,manganeseandSilver.（SeeTable1）

.

Table1:

IncomefromtheminingindustryJan-Dec2005

Mineral/Producer

US$million

January-December2005

%

Goldlargescale

804.9

81.3

Goldsmallscale

96.3

Total（Gold）

901.2

91.0

Diamondlargescale

2.9

Diamondsmallscale（PMMC）

31.8

Total（Diamond）

34.7

3.5

Bauxite

14.4

1.5

Manganese

39.2

3.9

Silver

0.8

GrandTotal

990.3

Source:

StatisticalOverviewoftheMineralIndustry,MineralsCommission,Mar2006.

2.2BriefabouttheExtractiveIndustriesTransparencyInitiative（EITI）

TheExtractiveIndustriesTransparencyInitiative（EITI）waslaunchedbytheBritishPrimeMinister,TonyBlairattheWorldsummitonsustainableDevelopmentinJohannesburg,inSeptember2002.

2.2.1Objectives

ThemainobjectiveoftheExtractiveIndustryTransparencyInitiative（EITI）istoenhancetransparencyaroundthegenerationandspendingofrevenuesfromtheextractivesectorsoastoimprovedevelopmentoutcomes,reducethepotentialforcorruptionorlargescaleembezzlementoffundsbyhosts’governments,andtostimulatedebateabouttheusestowhichtheserevenuesareput.

TheInitiativeencouragesgovernments,extractivecompanies（publiclyandprivatelyowned）,InternationalAgenciesandNGOstoworktogethertodevelopaframeworktopromotetransparencyinpaymentsintheextractiveindustries.

2.3EITIINGHANA

TheGovernmentofGhanacommitteditselftoparticipateintheExtractiveIndustriesTransparencyInitiative（EITI）attheInternationalConferenceinLondononJune17th2003.

Asteeringcommittee（EITIsteeringcommittee）hasbeensetup,whichisundertheleadershipoftheDeputyMinisterofStateforFinanceandEconomicPlanningandassistedbytheDeputyMinisterof