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Ghana has announced plans to introduce a law banning the export of raw bauxite in June 2024. According to Samuel Abu Jinapor, Ghana’s Minister of Lands and Natural Resources, the law aims to support the monetization of Ghana’s estimated 900 million tons of bauxite reserves.
In addition, through focusing on value addition, the law is expected to create employment, enhance downstream and midstream infrastructure development and increase revenue through the export of high-value bauxite products.
Meanwhile Ghana recently enacted the Green Minerals Policy in August 2023 to simplify entry for critical mineral industry players, foster local content development and establish a footprint in the global energy transition market.
By addressing fiscal barriers, the policy is spurring new exploration and production projects.
For instance, Atlantic Lithium Limited received an environmental permit from Ghana’s Environmental Protection Agency for its Ewoyaa Lithium Project in September 2024, with first production slated for 2026.
Ghana has introduced transformative policy reforms over the past decade, focusing on local content development, infrastructure and equipment modernization and investment.
As a result, the country has seen a slate of projects being launched across mature sectors such as the gold, bauxite, manganese and diamond markets, as well as in emerging sectors like lithium, graphite, rare earth elements and iron ore.
Uniting policymakers, mining stakeholders and global partners in Accra, the upcoming Mining in Motion (MIM) conference will showcase how policy reform has impacted Ghana’s mineral market.
Speakers will share updates on major projects, highlighting investment opportunities and collaborations.
