\n
Vice President of policy think tank, IMANI Africa,\u00a0Bright Simons, has called out Ghanaian authorities for not being truthful about the true terms of Ghana\u2019s first lithium mining deal.<\/p>\n
According to him, the rosy fiscal gains that the government says Ghana will derive from the deal with Atlantic Lithium are not real and therefore demand that the truth be told to citizens.<\/p>\n
In a write-up sighted by\u00a0GhanaWeb\u00a0Business,\u00a0Bright Simons\u00a0pointed that a very major component of the fiscal gains are corporate taxes and indications that Atlantic Lithium\u2019s will be given a 10-year holiday only means that \u201cthe country will lose a major component of the expected gains under the agreement \u2013 the corporate taxes \u2013 and therefore the government\u2019s claim that it is the best mining deal ever cannot be true.\u201d<\/p>\n
\u201cUnder the Free Zones program, taxes drop to 8% or even below after ten years. This means that Atlantic Lithium will virtually pay no tax during the 12 years in which it will be mining lithium under the contract. The argument that the deal is better than all mining deals in the country is thus discredited,\u201d he wrote.<\/p>\n
\u201cIt is also untrue that Ghana will eventually get 30% in the deal because the investments we make aside the 13% \u201cfree\/carried interest\u201d will end up being diluted. That is how come we used to have 55% in Anglogold Ashanti but now have only 0.04%. Ghana was diluted down as new investors came on board,\u201d\u00a0Bright Simons\u00a0said.<\/p>\n
He further questioned the claim by the government that the Australian firm did not come with enough funds to invest in data gathering.<\/p>\n
\u201cIt sold forward the lithium that it will be mining to raise just $17 million to do the exploratory work,\u201d he pointed out.<\/p>\n
He further accused the Chief Executive Officer of the Minerals Commission, Martin Ayisi, of peddling misinformation about the deal while antagonising CSOs who spoke against the terms of the transaction.<\/p>\n
Meanwhile, former Chief Justice\u00a0Sophia Akuffo\u00a0has also kicked against Ghana\u2019s first lithium mining agreement, describing it as no different to that of colonial type agreements, leaving Ghana with only a 10% share of the profits.<\/p>\n
She also described the deal as not being in the interest of Ghanaians and called out the framers of the deal for moving ahead with a poorly negotiated deal which was unfavourable.<\/p>\n
The government of Ghana in a bid to tap into the vast lithium deposits in Ewoyaa, Central Region, signed a deal with Barari DV Ghana Limited to explore and mine lithium in Ghana.<\/p>\n
Read\u00a0Bright Simons\u2019 full write-up below<\/strong><\/p>\nAbusing truth in Ghana\u2019s lithium deal<\/p>\n
MA\/AE<\/p>\n
Source:\u00a0<\/strong>www.ghanaweb.com<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Vice President of policy think tank, IMANI Africa,\u00a0Bright Simons, has called out Ghanaian authorities for not being truthful about the true terms of Ghana\u2019s first lithium mining deal. According to him, the rosy fiscal gains that the government says Ghana will derive from the deal with Atlantic Lithium are not real and therefore demand that […]<\/p>\n","protected":false},"author":1,"featured_media":117881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-129844","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n
Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Vice President of policy think tank, IMANI Africa,\u00a0Bright Simons, has called out Ghanaian authorities for not being truthful about the true terms of Ghana\u2019s first lithium mining deal. According to him, the rosy fiscal gains that the government says Ghana will derive from the deal with Atlantic Lithium are not real and therefore demand that […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-11T16:07:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/\",\"name\":\"Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg\",\"datePublished\":\"2023-12-11T16:07:28+00:00\",\"dateModified\":\"2023-12-11T16:07:28+00:00\",\"author\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#primaryimage\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg\",\"contentUrl\":\"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg\",\"width\":600,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.ghanamma.com\/2023\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2023\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\/\/www.ghanamma.com\/2023\"],\"url\":\"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/","og_locale":"en_US","og_type":"article","og_title":"Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013 - Ghanamma.com","og_description":"Vice President of policy think tank, IMANI Africa,\u00a0Bright Simons, has called out Ghanaian authorities for not being truthful about the true terms of Ghana\u2019s first lithium mining deal. According to him, the rosy fiscal gains that the government says Ghana will derive from the deal with Atlantic Lithium are not real and therefore demand that […]","og_url":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/","og_site_name":"Ghanamma.com","article_published_time":"2023-12-11T16:07:28+00:00","og_image":[{"width":600,"height":600,"url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg","type":"image\/jpeg"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/","url":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/","name":"Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2023\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg","datePublished":"2023-12-11T16:07:28+00:00","dateModified":"2023-12-11T16:07:28+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg","contentUrl":"https:\/\/www.ghanamma.com\/2023\/wp-content\/uploads\/2023\/11\/Bright-Simons-Vice-President-IMANI-Africa.jpg","width":600,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2023\/12\/11\/government-not-being-truthful-about-terms-of-lithium-mining-deal-bright-simons\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2023\/"},{"@type":"ListItem","position":2,"name":"Government not being truthful about terms of lithium mining deal \u2013 Bright Simons \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2023\/#website","url":"https:\/\/www.ghanamma.com\/2023\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2023\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/6f91dab2e50bbbfe895c93e7e84e7f74","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2023\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2023"],"url":"https:\/\/www.ghanamma.com\/2023\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/129844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/comments?post=129844"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/posts\/129844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media\/117881"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/media?parent=129844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/categories?post=129844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2023\/wp-json\/wp\/v2\/tags?post=129844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}