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March 25, 2026
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IEA slams Ewoyaa Lithium ratification, new mining regulations
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Key Points
- The Institute of Economic Affairs (IEA) has condemned the parliamentary ratification of the Ewoyaa Lithium mining lease and the new Minerals and Mining Royalty Regulations.
- The IEA criticizes the decision to slash the Growth and Sustainability Levy (GSL) from 3% to 1% as a 'cushion' for investors.
- New regulations set sliding-scale royalties, capping gold and lithium at 12% and other earth minerals at 5% based on global prices.
- Justice Sophia Akuffo of the IEA argues that these deals do not reflect modern economic sovereignty, advocating for full state ownership and service contracts over traditional concessions.
- The IEA views the 15-year Ewoyaa lease as a missed 'once-in-a-generation opportunity' to reset Ghana's mineral governance framework and questions the lack of state participation.
Why This Matters
This article highlights a critical debate over Ghana's approach to managing its natural resources, particularly lithium, which is vital for the global energy transition. The dispute over royalty rates, levies, and ownership models will directly impact the nation's revenue generation, economic sovereignty, and long-term development from its extractive sector.
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