This follows the Minister for Lands and Natural Resources; Emmanuel Armah-Kofi Buah’s laying before parliament the lithium mining agreement between the Government of Ghana and Barari DV Ghana Limited, a subsidiary of Atlantic Lithium Limited, for ratification.

Presenting the agreement on Tuesday, November 11, 2025, Mr. Buah said the deal would pave the way for the development of Ghana’s first large-scale lithium project at Ewoyaa, near Mankessim in the Central Region.

The Minister, presenting the agreement on Tuesday, November 11, 2025 said the agreement was in the best interest of the people of Mfantseman Municipality and the country at large, noting that residents had “waited far too long” for the project’s commencement.

According to the Minister, the price of lithium has fallen sharply from $3,000 per tonne when the initial agreement was first introduced for ratification, to about $630 per tonne currently, a situation he said has stalled many lithium projects globally.

Mr. Buah explained that, in view of these changing market conditions, the government and the company have agreed to adopt a flexible royalty framework, where Ghana’s royalty earnings will be pegged to the prevailing market price of lithium to ensure sustainability and mutual benefit.

He stated with the new agreement, the royalty can increase from the 5 percent when in future the commodity witnesses increase in market value.

He also emphasized that the revised agreement seeks to secure job creation, community development, and revenue stability while protecting the environment and livelihoods of local people.

“We want the exploitation of our mineral resources to be in the ultimate interest of our citizenry,” the Minister stressed, urging the public not to be swayed by political commentary on the matter.

Meanwhile, the Minister debunked the Minority’s accession that the Majority then in Minority in the 8th Parliament rejected a better offer with a 10 percent royalty when, stating that the report never came back to the floor for ratification, hence the Minority’s accession is false.