RE: Committee Meeting9 Dec 2025 08:52
It looks very unlikely to happen this session with less than 12 days left before parliament session ends. There is still disagreements on the new royalty rates within the NDC. The interview itself wasn't bad but it didn't give me any feelings that rat was coming this year. February 2026 seems like the likely timeframe if cabinet can convince NDC members of the revised royalty rate.
https://www.newsghana.com.gh/civil-society-coalition-rejects-ghana-lithium-royalty-reduction-to-five-percent/
"The Coalition for Accountable Resource Governance has strongly opposed the proposed five percent royalty rate in Ghana’s renegotiated Ewoyaa lithium agreement, describing the reduction as undermining national interests."
"Policy think tank IMANI Africa also urged Parliament to withhold ratification, stating independent modeling shows the project remains highly profitable even at current prices. IMANI estimated that reducing the royalty from 10 to five percent transfers approximately 17.5 million dollars annually from Ghana to the company. The coalition called on Parliament to exercise its constitutional authority under Article 268 to safeguard national resources and reject the deal in its current form"
I've been a shareholder of ALL for nearly 3 years now, I saw the 30+p buyout offer from Assore get rejected and constant delays from NDC, there is still disagreement with this new rate under lobby groups and think tanks associated with the government. I very much hope we get ratification soon but after years of delays and excuses, It doesn't feel any closer to me. Under the minister of land and resources discretion, they are allowed to agree royalty rates above 5%, thats how the previous government agreed the old deal, its not like the NPP had no idea about the royalty laws. Secondly, I agree the sliding scale is positive but the ratification could have been signed the last year, this was not actually a blocker.
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