
Audio By Carbonatix
The Majority side of Parliament’s Lands and Natural Resources Committee is calling for amendments to the Minerals and Mining Act (Act 703) to enable the government to increase the proposed royalty rate for the Ewoyaa lithium project.
Under current law, Ghana can charge only a 5% royalty on mining companies’ interests. This limitation forced the Lands Ministry to renegotiate the previously announced 10% rate, which critics argued had no legal backing.
Addressing journalists on Tuesday, November 25, Committee Chairman Collins Dauda explained that the earlier 10% arrangement was rejected because it contravened existing legislation.
According to the Committee, the Minerals and Mining (Amendment) Act, 2010, explicitly sets a fixed royalty rate of 5%, making the 10% provision in the original agreement between the Akufo-Addo administration and Barari DV Ghana Limited unlawful.
The Lands Minister has since presented a revised agreement reflecting the legally mandated 5% royalty. However, the revision has sparked fresh resistance from the Minority, who argue the new terms are now less favourable to the state.
Mr. Dauda said Parliament is working to harmonise the legal framework with the new agreement, stressing that compliance with the law remains paramount.
“The government is taking steps to review the laws and, importantly, to review the policy relating to mining in the country. As gatekeepers, we make the laws, and we expect the laws to be implemented,” he stated.
“We expect the laws to be obeyed. We cannot make laws expecting implementation and obedience, and at the same time do something that runs against the law.”
Below is the press engagement on their demand;
Latest Stories
-
Silly tackle, bad reaction – Tuchel defends Bellingham after Queiroz row
41 minutes -
No extra revenue for FIFA from hydration breaks – Infantino
49 minutes -
Ancelotti’s quest to end Brazil’s 24-year wait for World Cup glory
58 minutes -
Croatia knock Panama out of World Cup on Modrics 200th appearance
1 hour -
Four, including a juvenile, arrested over couple’s murder
1 hour -
Sex worker remanded for trafficking two victims
1 hour -
No need to panic for England – but this was a reality check
2 hours -
Congress passes war powers measure for first time, rebuking Trump’s war with Iran
4 hours -
World Cup: Iran’s US entry terms changed for final group game
4 hours -
Spence appears not to shake hands with Partey
4 hours -
Trump to attend World Cup final and present trophy
5 hours -
A/R: Police bust suspected human trafficking ring, arrest 186 including 100 foreign nationals
5 hours -
World Cup: Should Ghana have been awarded a penalty against England?
5 hours -
Deschamps returns to France after death of his mother
5 hours -
Kunal Shah: The Indian entrepreneur taking charge of WhatsApp
5 hours