The Minister for Lands and Natural Resources, Samuel Abdulai Jinapor, has once again justified the controversial mining lease agreement between Ghana and Barari DV for lithium exploration at Ewoyaa in the Central Region.
In response to concerns raised by Civil Society Organizations (CSOs) and stakeholders regarding perceived unfavourable terms, Mr Jinapor reassured that the agreement places a strong emphasis on value addition to Ghana’s green minerals and local participation, which includes listing on the Ghana Stock Exchange (GSE).
Addressing Civil Society Organisations in Accra, on Friday, December 15, the Minister underscored this as a groundbreaking development in the minerals industry, emphasising the commitment to ensuring positive outcomes for Ghana.
“This is the first time we’ve signed a mining lease and put in strict measures which say that they would have to retain a significant proportion of the value chain in the country by establishing a chemical plant and refinery here in Ghana.
“It has never happened before. The lease, which for me, should give everybody comfort, is fundamentally different from the mining lease agreement signed in the past.”
He further added that the government is entirely satisfied with the terms of the agreement and is seeking the support of the people of Ghana.
Pressure is mounting on the government to reconsider the lithium agreement amid growing concerns that Ghana may not be receiving a fair deal.
The discussions revolve around potential resource exploitation and perceived inadequate benefits for the country, fueling public discourse and calls for greater transparency and equity.
Prominent figures, including former Chief Justice Sophia Akuffo and seasoned private legal practitioner Sam Okudzeto, have voiced their opposition to the deal.
For the former Chief Justice, the current contract echoes a colonial and Guggisberg-type arrangement.
The $250-million project, situated in Ewoyaa, Mfantseman Municipality in the Central Region, is slated to commence production in 2025.
Notably, the deal incorporates a 10% royalty and 13% free carried interest for the state, surpassing the existing 5% and 10% in other mining agreements.
However, the minister has maintained that the deal is in Ghana’s interest.
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