Ghana seeks to boost mining revenue as Committee reviews lithium agreement

The Committee on Lands and Natural Resources has begun reviewing a lithium agreement between the Republic of Ghana and Barari DV Ghana Limited, with a focus on ensuring the country benefits maximally from its mining sector.

Alhaji Collins Dauda, the Chairman of the Lands and Natural Resources Committee of Parliament, said Ghana stands to gain greatly from the agreement backed by law, explaining that whilst Lithium or the company mining lithium would be paying ten per cent or whatever percentage, the minister would propose the other mining companies would also pay the same.

At a press conference in Parliament House, Accra, on Tuesday, the Committee invited stakeholders to share their views on the agreement, as part of efforts to ensure an extensive engagement before submitting a report to plenary.

He said, “The committee is not in a hurry to pass without taking the views of the public on board.

“We will not ratify until we have done extensive engagement with critical stakeholders in this country or beyond,” the Chairman said.

Alhaji Collins Dauda, also the National Democratic Congress (NDC) Member of Parliament (MP) for Asutifi South, hoped the sector minister would present an amendment to the law to specify the royalty rate, which would apply to all mining companies, ensuring fairness and consistency.

“We wish to indicate that the government, parliament, and Ghana seek to enhance benefits derived from mining in the country.

“Everybody is concerned about the benefits that Ghana derives from mining and we want to take every step to ensure we benefit more,” he said.

On Tuesday, November 11, 2025 Mr Emmanuel Armah-Kofi Buah, the Minister of Lands and Natural Resources, laid before Parliament the renegotiated lithium lease agreement between the Government of Ghana and Barari DV Limited for ratification, in accordance with Article 268 of the 1992 Constitution.

Speaking on the Floor of Parliament, the Minister of Lands and Natural Resources explained that the renegotiation was necessary due to the sharp decline in global lithium prices, which had fallen from $3,000 per tonne to $630.

The Speaker of Parliament, Alban Bagbin, referred the lease agreement to the Committee for further scrutiny.

GNA

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