Abu Jinapor Insists Lithium Deal Is In The Best Interest Of Ghana

Ghana’s Minister of Lands and Natural Resources, Samuel Abu Jinapor, still insists that the lithium deal entered into with Atlantic Lithium of Australia remains the best mining lease ever in the West African country’s history.

The Ewoyaa lithium project located in the Mfantseman municipality of the central region is expected to be the first lithium-producing mine in Ghana, West Africa.

First production of lithium concentrate from the mine is expected in the second quarter of 2025.

The completion of a pre-feasibility study (PFS) for the project in September 2022 by Atlantic Lithium completed was announced in June 2023 with some 2.7 million tonnes per annum (mtpa) spodumene mining operation over 12 years of mine life.

Civil Society Orgnisations in the natural resources sector, the Institute of Economic Affairs (IEA), members of academia, concerned citizens and other pressure groups have mounted a campaign against the lease demanding that government takes a second look at the deal which they deamt a ripoff.

However, the commentary and spirited defences from government spokespersons shows the laters determination to go ahead with deaL.

Government explains that per the agreement, the country will get 13 percent in royalties with a 30 percent stake in Atlantic Lithium as compared to other mineral agreements in the past.

The Natural Resources Minister once again defended the deal when he granted an interview with Bloomberg, insisiting that it will be beneficial to Ghana and that the country is retaining the highest end of the value chain as much as possible.

By: Christian Kpesese