Akufo-Addo’s 10% Lithium Royalty Deal Contravenes Mining Law – Majority
Parliament says the original 10% lithium royalty agreement with Barari DV Ghana violated Ghana’s mining law, prompting revisions to align with the legally mandated 5% rate.
- Parliament says 10% lithium royalty deal breaches Ghana’s mining law
- Revised agreement now sets royalty at the legally mandated 5%
- Committee urges alignment of mining policies and laws for proper oversight
The Majority in Parliament has declared that the 10 per cent royalty agreement signed by the Akufo-Addo government with Barari DV Ghana Limited for lithium mining violated Ghana’s mining laws.
According to the caucus, the Minerals and Mining (Amendment) Act, 2010, stipulates a fixed 5 per cent royalty for mining companies, making the 10 per cent provision in the original agreement unlawful. This comes after the Minister for Lands and Natural Resources presented a revised lithium mining agreement reflecting the legally mandated 5 per cent royalty rate.
The revision has drawn criticism from the Minority, who argue that the new terms are less advantageous to the state.
Speaking to journalists, Collins Dauda, Chairman of the Lands and Natural Resources Committee, said Parliament is working to amend relevant legislation to align national mining laws with the revised agreement and ensure full legal compliance.
“The government is taking steps to review the laws and the policies relating to mining in the country. As lawmakers, we make the laws and expect them to be implemented. We cannot enact laws and, at the same time, act against them,” Dauda said.
He stressed that Parliament’s role is to ensure all mining agreements comply with the law and that policy reforms provide clarity, consistency, and proper oversight.
