The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has revealed that the government is working on a new legal instrument to create a long-term, comprehensive system for managing mineral royalties in Ghana.
At a press briefing in Accra on Wednesday, December 3, he explained that the framework developed with the Attorney-General will apply not only to lithium but to all minerals.
“We have collaborated closely with the attorney general,” he said. “After Cabinet approval, we will present a new instrument to Parliament that will permanently establish a full, unified guideline for mineral royalties across every resource.”
Mr. Buah said the revision is necessary to incorporate recent lessons and ensure Ghana’s mineral revenue policies stay fair, competitive, and aligned with global economic trends.
“We must take this step, considering what we’ve learned over the years. This is the right moment to reassess the system, and I’m enthuse to say the process is already underway.”
Further, he added that falling global lithium prices have disrupted many major projects internationally, including Ghana’s own lithium initiative.
“The global slump in lithium prices has forced numerous projects around the world to pause,” he said.
SOURCE: Citinewsroom
