Skip to main content

Ghana Chamber of Mines Applauds Ewoyaa Lease Ratification, Urges Greater State Participation

 Ghanaian, pension fund, Lithium

The Ghana Chamber of Mines has commended the Government of Ghana and Atlantic Lithium Limited following the successful ratification of the Ewoyaa Mining Lease, describing it as a major step toward strengthening the country’s position in the global minerals market.

The Chamber said the Ewoyaa Lithium Project represents a significant boost to Ghana’s mining portfolio, positioning the country as an emerging player in the global energy transition through the supply of critical minerals.

According to the Chamber, the milestone reflects strong collaboration between government and industry stakeholders, aligning the project with Ghana’s broader economic and industrial development agenda.

The project is expected to create substantial employment opportunities, both directly and indirectly, while stimulating economic activity in host communities. It will also contribute to national revenue, infrastructure development, and skills transfer, helping to ensure long-term shared benefits for citizens.

The ratification of the Ewoyaa Mining Lease is a landmark achievement that reinforces Ghana’s position as a leading mining jurisdiction in Africa. This project exemplifies how strategic partnerships between government and industry can unlock value, create jobs, and deliver long-term socio-economic benefits for our people.”

However, the Chamber has called on government to deepen its participation in the project to maximize long-term value. It specifically highlighted the role of the Minerals Income Investment Fund (MIIF) in increasing the State’s equity stake to secure greater returns for future generations.

Additionally, the Chamber urged increased investment in geological research and data development to enhance investor confidence and support efficient resource management.

The Chamber reaffirmed its commitment to promoting responsible mining practices, local content development, and sustainable socio-economic transformation.

Comments

Popular posts from this blog

Fitch Solutions retains 2025 growth rate projection at 4.2%

 Fitch Solutions has reaffirmed its projection that Ghana’s economy will expand by 4.2% in 2025. This estimate slightly exceeds the International Monetary Fund’s forecast of 4% and the World Bank’s projection of 3.9%. The UK-based research firm attributes its outlook to historically high gold prices, which are expected to cushion the Ghanaian economy against a global slowdown triggered by rising tariffs. Higher gold prices are anticipated to strengthen government revenue, enhance foreign exchange earnings, and help sustain currency stability. The report also highlights that Ghana is relatively less vulnerable to increasing trade restrictions from the United States, given that its primary exports—gold and crude oil—are not directly affected by the tariffs introduced by President Trump’s administration. Moreover, the US constitutes only about 4% to 5% of Ghana’s total exports. In contrast, Ghana’s trade relations are more heavily oriented toward China and European countries, particul...

BoG injects $20m into FX market to support 11 BDCs

  The Bank of Ghana (BoG) has injected $20 million into the foreign exchange market in the latest round of its forward FX auction targeted at Bulk Oil Distribution Companies (BDCs). The intervention, which benefited eleven BDCs, is part of the central bank’s broader strategy to stabilise the cedi and ensure price stability in the petroleum downstream sector. Held on Tuesday, April 29, the auction was priced at a locked exchange rate of GHS 14.28 to the US dollar, with bid offers ranging from GHS 13.85 to GHS 15.55. This move reflects the BoG’s continued effort to deepen forex liquidity and safeguard the domestic fuel supply chain against volatility in global energy markets. By directly supplying FX to BDCs, the central bank seeks to ease pressure on the interbank market, guarantee the uninterrupted flow of petroleum products, and mitigate the pass-through effects of exchange rate fluctuations on fuel prices. The $20 million disbursement forms part of a $120 million programme for th...

Kenpong Travel & Tours Champions Breast Cancer Awareness During Customer Week

  As part of activities to mark Customer Week, Kenpong Travel & Tours, a leading travel agency in Ghana, is joining the global fight against breast cancer. October is Breast Cancer Awareness Month, and the company is passionate about spreading hope and support to those affected. At Kenpong Travel & Tours, we believe that travel and exploration can be therapeutic and empowering. That's why we're committed to supporting our customers and the broader community in the fight against breast cancer. We're proud to stand in solidarity with breast cancer warriors and survivors. At Kenpong Travel & Tours, we believe that everyone deserves a chance to explore the world and create unforgettable memories. Let's prioritize health, support one another, and fight against breast cancer," said Kennedy Agyapong, CEO of Kenpong Travel & Tours. Our efforts are focused on raising awareness, promoting early detection, and supporting those affected by breast cancer. We urg...