Business News of Wednesday, 3 December 2025

Source: www.ghanaweb.com

Government to introduce new legal framework for mineral royalties - Lands minister

Emmanuel Armah-Kofi Buah is the Minister of Lands and Natural Resources Emmanuel Armah-Kofi Buah is the Minister of Lands and Natural Resources

The Minister of Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has disclosed that the government is preparing a new legal in the coming days which will establish a comprehensive long-term framework for mineral royalties in Ghana.

Speaking at a press conference on Wednesday, December 3, 2025, Buah noted that the new guidelines developed in collaboration with the Attorney-General will cover not only the lithium sector but all mineral resources.

“I’m very happy to inform you that we’ve worked closely with the Attorney General,” he said. “Once we finish with Cabinet, we’ll be coming to Parliament with a new instrument that will permanently lay a complete, comprehensive guideline on royalties—not only in the lithium sector, but in all minerals," he said.

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He emphasised that the updated framework is necessary to address lessons learnt in recent years and to ensure that Ghana’s mineral revenue system remains fair, competitive, and responsive to global economic changes.

“It’s very important we do so, having learnt lessons as we go forward. I thought this is the opportunity for us to review that, and I’m happy to inform you that I’ve taken the steps to do exactly that,” he noted.

Buah added that the growing market pressures have compelled the government to review its fiscal approach in order to protect the interests of the mineral and its investment.

"This new market reality necessitates a review of the fiscal terms to protect the national interest. The entire House of Chiefs of the Central Region visited His Excellency the President. They made a strong case on why this project cannot stop and why it is critical for the Central Region and, frankly, the people of Ghana,” he said.

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