CEO of the Minerals Commission, Martin Ayisi, has announced a significant collaboration between the Government of Ghana and a Chinese manganese firm to build a $450 million refinery in Ghana.
This initiative aims to enhance the value-added processing of Ghana’s manganese production.
Addressing the 7th Annual Mining on Top Africa Summit in France on July 3, 2024, Ayisi emphasized that the refinery project is projected to increase Ghana’s revenue from manganese exports from 27% to nearly 40%.
He highlighted the substantial economic impact, forecasting the creation of approximately 400,000 jobs for Ghanaian youth.
Ayisi reiterated the government’s commitment to commence refinery construction by August 2024, demonstrating Ghana’s dedication to modernize its mineral sector under initiatives led by the Ministry of Lands and Natural Resources.
Highlighting Ghana’s longstanding history of exporting raw manganese since 1916, Mr Ayisi outlined the current administration’s strategic pivot towards local value addition.
Furthermore, he unveiled plans for the government to establish a lithium mine by late 2024, with operations set to span 22 months, bolstering Ghana’s local processing capabilities and enhancing the value of its mineral resources.
Mr Ayisi advocated for increased local involvement in African mining ventures, urging policies that promote local ownership and equitable distribution of benefits across the mining value chain.
“I must emphasize the importance of stable governance frameworks in fostering long-term partnerships with investors while advising stakeholders to consider a country’s regulatory environment and practices before committing to projects,” he said.
The announcement underscores Ghana’s proactive stance in leveraging its mineral wealth to drive economic expansion and foster sustainable prospects for its populace. It aligns with broader initiatives aimed at promoting industrialization and value addition within Africa’s mining sector.
tigpost.co