AngloGold Ashanti Obuasi Mine has revealed that it has paid US$23,863,842 as direct and indirect taxes as of the end of September this year. Speaking at a Town Hall Meeting held in Obuasi, the Senior Manager Sustainability, Emmanuel Baidoo reiterated the company’s desire to contribute to socio-economic development in the communities in which it operates in Ghana.
Detailing the taxes paid by the company in his presentation, Emmanuel Baidoo revealed that the company paid US$13,059,244 as direct taxes of which $8,259,870 was paid as royalties and the remaining $4,799,374 as withholding tax.
In indirect taxes, AngloGold Ashanti Obuasi Mine paid $975,243 as customs duties and $1,953,640 paid into the State pension scheme. Moreover, $6,788,561 was paid as payroll taxes.
Aside from those taxes, another $324,248 was paid into the Community Trust Fund. The Trust Fund receives $2 for every ounce of gold produced by AngloGold Ashanti Obuasi Mine.
10-year Socio-Economic Development Plan
AngloGold Ashanti recently launched the 10 years Socio-Economic Development Plan. The 10-Year Socio-Economic Development Plan (SEDP) is a strategic blueprint that outlines how the company will contribute to socio-economic development in the communities in which it operates in Ghana.
The SEDP is designed to ensure that the company’s contributions to local development are focused, measurable, and effective. It will be implemented through a mix of direct and indirect investments, leveraging the company’s core competencies and local development expertise. It is designed to be flexible, allowing for adjustments to local needs, opportunities and challenges.