Ghana's mining industry warned that a government proposal to raise the royalty rate on gold producers could deter future investment. The sector's statement directly challenges the finance ministry's push for higher state revenue from the precious metal, which has seen a global price surge.

A higher royalty would squeeze producer margins in a country already facing rising operational costs and regulatory uncertainty. Ghana is Africa's second-largest gold miner, and any policy shift here affects global supply forecasts and the investment calculus for major miners like AngloGold Ashanti and Newmont.

The government argues the move is needed to capture more value from the commodity boom. Investors will watch for formal legislation and how it might alter the economics of existing and planned mining projects in a competitive West African region.