Mining can fund free education- Okyehene

Okyehene , Osagyefuo Amoatia Ofori Panin Okyehene , Osagyefuo Amoatia Ofori Panin has said that good management of the mining industry is the answer to funding the free public education political parties are promising.He has therefore tasked political leaders to take a second look at revamping the mining sector.Under the current existing mining laws, foreign mining firms do not have less than five years of tax holidays and have the right to repatriate all their profits to an extent that they have to depend on local banks for credits to finance their operations.In reality, no company has ever paid more than 3% in royalties because of tax allowances and lack of expertise in the revenue collection authority.