The Government of Ghana is set to lay before Parliament today a revised mining lease agreement for the country’s first commercial lithium project at Ewoyaa.
The move follows recent renegotiations of terms with Atlantic Lithium’s local subsidiary Barari DV Ghana Ltd.
According to mining‑industry sources, the lease amendments respond to concerns over a sharp decline in global lithium prices and investor requests for more favourable terms.
Under the original 2023 deal, Ghana secured a 10 % royalty on gross sales revenue, 13 % free carried interest for the state, and 1 % of revenue to a community development fund.
The expected presentation to Parliament will trigger review by the relevant parliamentary committee and if approved, ratification by the full House.
The Ewoyaa lithium project is crucial for Ghana’s green‑economy ambitions, aiming to harness “transition minerals” to support clean‑energy supply chains.
Delays in parliamentary approval have already hampered investor confidence: Atlantic Lithium recently laid off over 100 workers due to uncertainty in the lease approval process.
Civil‑society groups and analysts have stressed the importance of retaining value for Ghana,including via processing, local content and strong fiscal terms, rather than simply exporting raw lithium.
Once laid before Parliament, the lease will be subject to scrutiny by the Mines & Energy Committee (or equivalent) which may call stakeholders, request amendments, and report back to the House.
If ratified, the project may move ahead to development and production phases.
Government officials emphasise that the renegotiated terms aim to strike the right balance between securing investment and protecting Ghanaian interests.
However, given the volatility in global lithium markets, the scrutiny from Parliament and public is expected to be intense.
Source: Myxyzonline.com
