Despite facing criticisms over the controversial Ghana-Barari Lithium deal, the Minister of Lands and Natural Resources, Samuel Abu Jinapor, has remained adamant, insisting that the deal is in the best interest of the country.
Mr. Jinapor says the government thoroughly considered all available options before selecting the current path, deeming it in the best interest of the country.
During an interview with Citi TV on Monday, December 18, the Damongo Member of Parliament stated that the chosen option effectively addresses concerns related to green minerals while remaining financially feasible.
Mr. Jinapor explained that the government rejected a cooperative approach due to resource constraints and dismissed the option of new legislation due to its complexity and potential for delays.
“Cabinet examined the implications of all the options and came to the conclusions that they did. Ewoyaa concession is just a drop in the ocean, and it’s the first transaction we are getting into.
"The idea of establishing cooperation was not attractive. We didn’t have sufficient resources to deposit. The second one which was to have legislative amendments and new laws was cumbersome, and it was going to take a lot of time, and resources."
The Minister of Lands and Natural Resources also stated that the government meticulously negotiated the deal.
“In this lease, we have negotiated carefully and successfully agreed that Barari DV Limited will mandatorily list on the Ghana Stock Exchange. Indigenous participation will be a minimum of 30%, state participation is 19%,” he added.
Latest Stories
-
Price of LPG per kilogramme constitutes 22% of taxes – LPG Marketers Association
17 mins -
Nigeria appoint Finidi George as new Super Eagles boss
48 mins -
Elevating Ghana’s creative industry: A blueprint for competing with Nigeria and South Africa
2 hours -
Poor finishing a problem for Asante Kotoko throughout the season – Prosper Ogum
2 hours -
Samini teams up with Francis Osei for ‘Sticks N Locks’ EP
3 hours -
Government should resource record labels – Seven Xavier
3 hours -
I need majority in parliament to successfully complete my term – Akufo-Addo pleads
3 hours -
Next NDC government will not recognise illegal contracts signed by current administration – Sammy Gyamfi
3 hours -
Premier League clubs vote in favour of spending cap plans
3 hours -
Nigeria’s fuel crisis brings businesses to a halt
3 hours -
King Promise impresses fans at sold out show in Singapore
3 hours -
Ejisu by-election to proceed after plaintiff withdraws injunction application
4 hours -
CSOs and NGOs unite to push for priority demands at INC-4
4 hours -
Fuel tanker bursts into flames on Kumasi-Accra highway
4 hours -
Security is tightened ahead of Ejisu by -election
4 hours