The Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, says government is committed to securing maximum benefits for Ghanaians from the country’s developing lithium industry.
Speaking at a press conference in Accra, he said a new, flexible royalty framework is being designed to boost state revenue as global lithium prices rise. Under the arrangement, the agreed 10% royalty will act as the minimum, with automatic increases when market prices pass specific thresholds.
“For instance, once prices go above $3,000, the rate will rise from 10% to 11%,” he explained, adding that the updated fiscal regime is meant to protect Ghana’s long-term interest in its green minerals.
The Minister stressed that government will not allow the state to be shortchanged and assured that Parliament is fully involved in crafting the new royalty instrument, which will take effect before any final approval of the lithium mining agreement.
He emphasised that public concerns are being taken seriously and that government is committed to ensuring transparency, fairness, and value for money.
“We want a deal that brings the project on stream while guaranteeing that Ghanaians get full value for the resources God has given us,” he said
