Council of State member Sam Okudzeto has joined the chorus of voices urging the government to reconsider its lithium deal with Barari BV, stating that the current agreement is not in the best interest of Ghana.
Speaking at an IEA roundtable discussion, Okudzeto emphasized the need for the government to heed the concerns of the public.
In his remarks, Okudzeto expressed his view that the lithium agreement is not favorable to Ghana and suggested that a collective statement should be made in support of the IEA to convey dissatisfaction with the deal. While refraining from condemning Members of Parliament, he urged caution and advised them to prioritize the best interests of Ghana.
Okudzeto’s comments align with the increasing public criticism of the deal, with many Ghanaians raising concerns about its failure to adequately address the country’s long-term interests. Critics argue that the terms offered to Barari BV, including a low royalty rate and an extended exploration period, are overly generous.
Despite the criticisms, the government has defended the agreement, asserting that it will attract essential investment and generate employment opportunities. However, Okudzeto’s intervention adds weight to the growing demand for a review of the deal.
Meanwhile, the Minister of Lands and Natural Resources, Samuel Abu Jinapor, remains steadfast in asserting that Ghana’s lithium deal with Atlantic Lithium of Australia is the best mining lease for the country. The government contends that the agreement includes favorable terms, with Ghana set to receive a 13 percent royalty and a 30 percent stake in Atlantic Lithium, surpassing other mineral agreements.
In an interview with Bloomberg, Minister Jinapor defended the deal, emphasizing its potential benefits for Ghana and highlighting the government’s commitment to treating green minerals, particularly lithium, differently.
He underscored the importance of a policy governing the management, exploitation, and utilization of the country’s green minerals, aligning with the broader context of the energy transition and the global demand for such resources.
