Lands and Natural Resources Minister, Emmanuel Armah Kofi Buah, says the government\u2019s proposed lithium framework is designed to automatically raise Ghana\u2019s royalty earnings whenever global prices increase, ensuring the country secures greater value from its mineral resources.<\/p>\n
Speaking at a press conference on Wednesday, the Minister explained that the flexible royalty mechanism is a strategic response to volatile market conditions and stiff global competition for mining investment.<\/p>\n
He also clarified that the current royalty rate for Ghana\u2019s lithium resources stands at 5%, while revealing plans to introduce a permanent, comprehensive framework for mineral royalties across the country.<\/p>\n
Buah said the government has worked closely with the Attorney General and is now seeking cabinet approval to present a new instrument to Parliament that will regulate royalties for lithium and other minerals.<\/p>\n
\u201cThe current applicable rate for royalties is 5%. We\u2019ve taken steps with the AG and cabinet to ensure there is a permanent guideline on royalties not only in the lithium sector but across all minerals,\u201d he explained.<\/p>\n
The clarification comes amid questions over Ghana\u2019s lithium agreement, which had seen initial royalty rates proposed at 3% to 6%, before being amended to 5%.\u00a0<\/p>\n
Buah noted that although the law required an instrument to guide the application of royalties, such an instrument had not been in place, leaving the original 5% rate as the technically enforceable figure.<\/p>\n
He also highlighted the global context, pointing out that a downturn in international lithium prices has stalled several lithium projects worldwide, a development that could impact investment and production timelines in Ghana.<\/p>\n
The move to formalise a comprehensive royalty framework is aimed at prioritising the government\u2019s intention to ensure clarity and stability for investors while protecting Ghana\u2019s natural resource interests. <\/p>\n
Once approved by cabinet and passed in Parliament, the new instrument is expected to provide clear guidance on royalty arrangements for all minerals, strengthening transparency in the sector.<\/p>\n
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