Business
‘Ewoyaa Project’ Positions Ghana as Emerging Player in Global Lithium Supply Chain Amid Surging Demand
The Ewoyaa Lithium Project in Ghana’s Central Region is increasingly being seen as a strategic gateway for the country’s entry into the global lithium supply chain.
This is happening at a time when worldwide demand for the mineral continues to rise sharply due to the growth of electric vehicles and renewable energy storage.
Atlantic Lithium Limited, the Africa-focused exploration and development company behind the project, has submitted a revised Mining Lease for the Ewoyaa Project to Ghana’s Parliament. The lease has been referred to the Parliamentary Select Committee for review, marking a significant step toward ratification and eventual mine development.
Lithium is a critical mineral used in electric vehicle batteries and clean energy technologies, and its importance has elevated the Ewoyaa Project to national strategic relevance. Policymakers and investors view the project as a key opportunity for Ghana to diversify its mining sector beyond gold and to position itself within the fast-expanding green minerals economy.
The revised Mining Lease incorporates updated fiscal terms following consultations led by the Minister of Lands and Natural Resources, aligning royalty rates and the Growth and Sustainability Levy with Ghana’s existing mining laws. These adjustments are intended to safeguard the national interest while maintaining a stable and competitive investment climate.
To strengthen the regulatory framework for lithium mining, the Minister has also submitted the Minerals and Mining (Royalty) Regulations, 2025 to Parliament. The proposed regulation introduces a sliding royalty scale tied to global spodumene prices, ensuring that Ghana’s returns increase when market prices are high while remaining attractive to investors during price fluctuations.
According to Graphic Business, under the revised framework, the legislative instrument submitted to Ghana’s parliament also proposes a sliding scale for lithium royalties ranging from 5 per cent at prices up to $1,500 per tonne to 12 per cent when prices exceed $3,000 per tonne.
All other fiscal terms agreed to in the original Mining Lease granted in October 2023 remain unchanged, providing continuity and predictability for the project. After Parliament’s festive recess, the Select Committee is expected to begin its review in the new year before making recommendations on whether the lease should be ratified.
Atlantic Lithium has expressed optimism that the process will lead to approval, noting that ratification would clear a major hurdle toward establishing Ghana’s first lithium mine. Such a development could attract further foreign direct investment, stimulate local economic activity, and enhance Ghana’s standing in the global transition to clean energy.
As demand for lithium accelerates worldwide, the Ewoyaa Project is shaping up as a landmark venture with the potential to anchor Ghana firmly in the future of critical minerals and sustainable industrial growth.
Business
Ghana Nears Approval of Cannabis Licences as Country Prepares to Launch Regulated Industry
Accra, Ghana – Ghana’s Narcotics Control Commission (NACOC) is in the final stages of reviewing applications for cannabis licences, with successful applicants expected to receive approval to begin operations soon, marking a significant milestone in the country’s efforts to develop a legal and regulated cannabis sector.
Deputy Director-General for Enforcement, Control, and Elimination, Alexander Twum-Barimah, disclosed this while speaking at the Kwahu Business Forum on Saturday.
He emphasised that the review process has been “thorough and deliberate” to ensure that only applicants who fully meet all legal, regulatory, and security requirements are granted licences. NACOC officials engaged with potential investors at the forum’s exhibition stand, providing details on various licence categories, including cultivation, processing, distribution, and export.
Mr Twum-Barimah stressed that the commission is committed to building a properly regulated industry that creates legitimate economic opportunities while maintaining strict controls to prevent misuse and illegal activities.
“The goal is to strike a balance between enabling economic development and safeguarding public health and security,” he said.
All licence holders will be subject to ongoing monitoring and compliance checks.
The development signals Ghana’s intention to harness the economic potential of cannabis through job creation, investment, and export revenue, while aligning with international best practices in regulation. Further updates on the licensing process are expected in the coming weeks.
Business
3 Things Ghana is Doing to Reduce Fuel Prices Amid Global Uncertainty
Accra, Ghana – As global oil prices continue to surge due to the ongoing Middle East conflict, the Ghanaian government has announced immediate and practical measures aimed at cushioning citizens from the impact of rising fuel costs.
Following an emergency Cabinet session chaired by President John Dramani Mahama, the government outlined three key interventions focused on direct price relief, affordable public transportation, and cutting unnecessary government expenditure on fuel.
Here are the 3 major steps Ghana is taking:
1. Suspension of Selected Taxes and Margins on Fuel
Ministers of Finance and Energy have been directed to suspend certain taxes and margins in the next fuel pricing window. This temporary reduction, which will last for four weeks (subject to review based on developments in the Middle East and global crude prices), is expected to ease the burden on consumers and transporters.
2. Massive Expansion of Affordable Metro Mass Transit Buses
The Minister for Transport has been tasked with fast-tracking the deployment of 100 newly acquired Metro Mass Transit buses onto high-traffic routes across the country. These state-owned buses will maintain significantly lower fares compared to private operators, offering citizens a cheaper and more reliable alternative for daily commuting.
3. Strict Enforcement of Ban on Fuel Allocations for Government Officials
All Ministers and senior government appointees have been reminded to strictly comply with President Mahama’s earlier directive cancelling fuel allocations and allowances. This move is aimed at reducing government expenditure on fuel and demonstrating leadership in belt-tightening during these challenging times.
These interventions form part of the government’s broader strategy to protect the economy and citizens from external shocks while hoping for de-escalation in the Middle East conflict.
Business
Upcoming Super El Niño Threatens to Worsen Global Food Crisis Amid Iran Conflict
Climate scientists and food security experts are warning that a powerful “super El Niño” expected later in 2026 could significantly intensify global food price pressures already heightened by the ongoing Middle East conflict involving Iran.
According to US meteorologists, there is roughly a one-in-three chance of a strong El Niño forming between October and December, while European models suggest an even higher probability of an exceptionally strong event.
A “super El Niño” occurs when sea surface temperatures in the eastern Pacific rise at least 2°C above normal. This phenomenon typically triggers extreme weather patterns, including severe droughts in key agricultural regions, which can sharply reduce crop yields for commodities such as cocoa, rice, sugar, food oils, coffee, bananas, and soy.
The timing is particularly concerning because the Iran conflict has already disrupted global fertilizer supplies and shipping routes through the Strait of Hormuz, driving up costs for fuel and agricultural inputs. Analysts say the combination of war-induced supply shocks and El Niño-driven weather extremes could create a “double squeeze” on food production and prices. The United Nations World Food Program has cautioned that prolonged conflict and elevated oil prices could push the number of acutely food-insecure people globally significantly higher.
Dawid Heyl of Ninety One noted that while the Russia-Ukraine war affected food markets, the current situation is more worrying due to its direct impact on fertilizer production and availability.
He warned that overlapping negative factors — geopolitical disruption and strong El Niño conditions — could prove especially damaging for vulnerable countries in Africa, India, Australia, Brazil, and Argentina.
Experts state that long-term resilience will require greater investment in climate adaptation, diversified supply chains, and international cooperation to protect global food security as geopolitical and climate risks increasingly intersect.
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