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The Minister of Lands and Natural Resources in Ghana, Samuel Abu Jinapor, has strongly defended the Lithium agreement with Barari DV Limited, stating that criticisms from the Minority in Parliament are unwarranted. He emphasized that the agreement is among the best for the country, particularly following the Cabinet’s approval of his proposals. These proposals include increasing the royalties paid to the state from 5 percent to 10 percent and raising the state’s free-carried interest from 10 percent to 13 percent.
In an official statement from the Ministry, Minister Abu Jinapor welcomed the public’s interest and scrutiny of transactions related to the exploitation of natural resources. He highlighted the importance of ensuring that the benefits of these minerals ultimately reach the Ghanaian people.
The Ministry clarified that neither the Minister nor the Ministry had indicated that the company would commence operations in the first quarter of 2024. They reiterated their commitment to adhering strictly to the relevant provisions of the national Constitution, laws, and regulatory permits concerning the exploitation of lithium.
The statement emphasized that the terms negotiated by the government for this Mining Lease are among the best in Africa and beyond. It further noted that the government would submit the Lease to Parliament for consideration in accordance with the national Constitution’s Article 268 and the terms of the Mining Lease. The Ministry pledged to participate in the ratification process and provide justifications or clarifications if needed.
Additionally, the Ministry under President Akufo-Addo’s leadership reaffirmed its dedication to the efficient, effective, and sustainable exploitation of natural resources in a transparent, honest, and integrity-driven manner for the benefit of the people of Ghana.
