The government has laid before Parliament the Minerals and Mining Royalty Regulations, 2025, aimed at introducing variable royalty bands for gold, lithium, and other minerals to better align state revenues with global commodity price movements.
The Legislative Instrument (L.I.) establishes a sliding-scale framework that allows royalty rates to be adjusted in response to fluctuations in international market prices, enabling the state to benefit more during periods of high commodity prices.
Explaining the policy, Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, said that based on current market conditions, lithium attracts a royalty rate of 7%, which could rise to as much as 12% if prices increase significantly.
In addition, the regulations introduce a 1% Community Development Fund to support infrastructural projects in the Mfantseman Municipality and other mining communities.
Addressing journalists on Friday, December 19, the Minister said the new L.I. applies to all mining agreements and is designed to provide greater certainty and predictability for both the government and investors.
“I am proud to say that I have brought an enabling regulation that gives us a sliding-scale agreement. The advantage is that it allows the state to capture more benefits in good times. We have implemented this across the mineral sector,” he said.
Gov’t resubmits Lithium mining agreement to Parliament