85 m. ago Why the NDC’s reduced Lithium Royalty Rate proposal is “Strange and Legally Baseless” – Africa Policy Lens

The Africa Policy Lens (APL) has criticised the decision of the government to propose a reduction of Ghana’s royalty rate in the Barari DV lithium agreement from the previously agreed 10% to 5%. According to the APL, the previous administration, after Cabinet approval to review royalty rates for lithium and associated minerals, negotiated a 10% royalty rate with Barari DV Ghana Limited—an upward revision from the standard 5% applied in the broader mining sector.

Events

2 h. ago Ghana risks losing about US$630 million if government reduces lithium royalty rate from 10% to 5% – Africa Policy Lens warns

The Africa Policy Lens (APL) has warned that Ghana could lose significant revenue if the government proceeds with a proposal to reduce the agreed lithium royalty rate for Barari DV Ghana Limited from 10% to 5%. According to the APL, the previous government, after Cabinet approval to review royalty rates for lithium and associated minerals, reached an agreement with Barari DV Ghana Limited that set Ghana’s royalty at 10%—five percentage points higher than the standard rate applied in the broader mining sector.

Events

34 h. ago Civil Society Coalition Rejects Ghana Lithium Royalty Reduction to Five Percent

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/civil-society-coalition-rejects-ghana-lithium-royalty-reduction-to-five-percent/The Coalition for Accountable Resource Governance has strongly opposed the proposed five percent royalty rate in Ghana’s renegotiated Ewoyaa lithium agreement, describing the reduction as undermining national interests. CARG-Ghana issued a statement criticizing the government’s decision to lower the rate from 10 percent negotiated under the previous administration. The coalition argues the adjustment represents a […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/civil-society-coalition-rejects-ghana-lithium-royalty-reduction-to-five-percent/

Politics

1 week ago Minority condemns renegotiated Lithium Deal as “complete compromise” of Ghana’s interest

The Minority Caucus on Parliament’s Lands and Natural Resources Committee has sharply criticised the government over the newly renegotiated lithium mining lease with Barari DV Ghana Limited, describing the revised terms as a “complete compromise” of Ghana’s national interest. At the centre of the dispute is the decision to reduce the royalty rate for lithium exploitation from the previously agreed 10 percent to 5 percent — the statutory minimum under the Minerals and Mining Act.

Politics

1 week ago Atlantic Lithium Chairman Reports Progress Despite Mining Lease Delays

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/atlantic-lithium-chairman-reports-progress-despite-mining-lease-delays/Atlantic Lithium’s chairman delivered an optimistic assessment of the company’s progress at today’s Annual General Meeting, emphasizing cost discipline and strategic funding despite ongoing delays in securing parliamentary ratification for Ghana’s first lithium mine. The virtual meeting held at 7pm Sydney time featured a statement highlighting the company’s resilience through challenging market conditions. The chairman […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/atlantic-lithium-chairman-reports-progress-despite-mining-lease-delays/

Politics

1 week ago Atlantic Lithium Secures Additional Funding for Ghana Project

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/atlantic-lithium-secures-additional-funding-for-ghana-project/Atlantic Lithium has received deferred proceeds from an earlier share placement and launched a second round to raise an additional £2 million, strengthening its financial position as it pursues what would become Ghana’s first lithium mine. The Africa focused mining company announced Tuesday that Long State Investments paid £1 million in deferred consideration from an […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/atlantic-lithium-secures-additional-funding-for-ghana-project/

Politics

1 week ago Analysis: Understanding the royalty rules behind Ghana’s lithium deal

Ghana’s renegotiated lithium mining lease has finally reached parliament after a long delay. It is now before the committee on lands and natural resources for scrutiny before any possible approval and eventual debate and ratification on the floor of the house.  According to the chair of the natural resources committee, Collins Dauda, the committee is […]

Politics

2 w. ago IMANI Questions Ghana’s Lithium Royalty Cut Despite Profit Projections

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imani-questions-ghanas-lithium-royalty-cut-despite-profit-projections/A policy analyst has challenged the government’s justification for reducing Ghana’s lithium royalty rate from 10 percent to 5 percent, arguing that financial data shows the Atlantic Lithium project remains profitable even at current commodity prices. Bright Simons, Vice President of IMANI Africa, presented detailed calculations this week suggesting the Ewoyaa lithium mine would still […] News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/imani-questions-ghanas-lithium-royalty-cut-despite-profit-projections/

Politics

3 w. ago Swiftly ratify Atlantic lithium lease, delays are costing Ghana jobs and revenue – Chamber of Mines

The Chief Executive Officer of the Ghana Chamber of Mines, Ing. Dr Ken Ashigbey, has called for the expedited ratification of Atlantic Lithium’s mining lease, cautioning that prolonged delays are causing Ghana to lose both economic opportunities and its competitive edge within the sub-region.

Economics

3 w. ago How we averted dumsor – Finance Minister reveals $252m rescue deal with IPPs

Finance Minister Dr Cassiel Ato Forson says Ghana narrowly escaped a return to dumsor after government secured a renegotiated deal with Independent Power Producers (IPPs) that saved the country $252 million.

Economics

3 w. ago Bright Simons accuses government of using unverifiable figures to justify lithium‑royalty cut

Policy analyst Bright Simons has challenged the Ministry of Lands and Natural Resources’ claim that lithium prices have collapsed from over US$3,000 per tonne to just above US$630, a figure cited by the mines minister to justify reducing Ghana’s royalty rate on the country’s first lithium mine. 

Politics

3 w. ago Ghana Parliament Faces Contentious Review of Atlantic Lithium Mining Lease

News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-parliament-faces-contentious-review-of-atlantic-lithium-mining-lease/Atlantic Lithium’s long-delayed Ewoyaa mining lease has sparked fresh controversy after being reintroduced to Parliament, with former Lands and Natural Resources Minister Samuel Abu Jinapor raising objections about terms he claims are less favorable than the agreement his administration negotiated. The mining lease for what would become Ghana’s first lithium mine has remained unratified for […] News Ghana, Latest Updates and Breaking News of Ghana, Roger A. Agana, https://www.newsghana.com.gh/ghana-parliament-faces-contentious-review-of-atlantic-lithium-mining-lease/

Politics

3 w. ago Time for Real Leadership: Lithium Mining and the Promise of the Ewoyaa Project for Unlocking Ghana’s Future

Lithium is a soft, silvery-white chemical element. In Chemistry, it is represented by the symbol “Li”. Lithium is the lightest metal and is known for its excellent ability to conduct heat and electricity. Lithium is regarded as a special mineral due to its unique properties. Lithium offers a range of social, economic, and environmental benefits […]

Politics

4 w. ago Ghana’s renegotiated lithium mining lease scheduled for parliamentary presentation today

The Lands and Natural Resources Ministry is scheduled to present the Mining Lease Agreement between the government and Barari DV Ghana Limited, Atlantic Lithium’s local subsidiary, today, November 11.

Politics