Govt-AGA tax deal akin to rip-off — Economist

An economist, Prof. John Gartchie Gatsi, has challenged the government to come clear on the tax concession deal between the country and mining firm AngloGold Ashanti (Ghana) Limited (AGA), explaining that the terms of the agreement favoured the South African-based miner more than the country.

He said the resort to job creation as one of the pressing reasons for the tax cuts was untenable, given that the employment opportunities from the company had been limited.

Prof. Gatsi, who is also the Head of the Department of Finance at the School of Business, University of Cape Coast, indicated that ever since the company began operations in the country, its contribution to job creation had been intermittent.

“Is that what we are interested in? Their contribution has been minimal. Ghanaians