Growing List of Companies Ordered by Ghana to Pay Back-Taxes
- Gold Fields, Kosmos join MTN in disputing Ghana tax claims
- MTN asked to conclude talks with Ghana’s tax office by Friday
An MTN Group Ltd. advertising billboard in Accra, Ghana.
Photographer: Nipah Dennis/BloombergThis article is for subscribers only.
Ghana is asking some of the nation’s largest companies to pay millions of dollars in back taxes as the cash-strapped government scrambles to raise money and finalize a bailout from the International Monetary Fund.
Gold Fields Ltd. and Kosmos Energy Ltd. have been told they owe back taxes, as have Tullow Oil Plc and Africa’s largest wireless carrier MTN Group Ltd. All of the companies dispute the government’s claims. Ghana has been forced to allocate most of its revenue to service an estimated 576 billion cedis ($48 billion) of public debt.