The Ghanaian government has approved the country’s Green Minerals Policy in an effort to maximize value created from critical mineral resources.
Aimed at stimulating the development of the local mineral value chain, the policy comprises regulatory guidelines and fiscal terms for critical mineral activities across the country.
Specific clauses in the policy document include a national ban on the export of unprocessed minerals.
Ghana’s Minister of Lands and Natural Resources Samuel Jinapor explained that the country “is seeking to operate at a level that makes the best out of its resources.”
He added that, “Ghana’s Green Minerals Policy as approved by cabinet demands that not a single volume of lithium produced in this country will be allowed to be exported in its raw state.”
The policy document will be incorporated into the country’s existing Mining Policy Document and features specific regulatory clauses covering the ‘green mineral industry.’
Rich in a number of minerals essential for the development of renewable energy technologies such as batteries, electric vehicles and green energy components, Ghana’s recent policy document aims to incentivize the participation of local companies in the mineral value chain while increasing revenue generated from mineral processing.
“Now we have a national policy on the exploitation, management and regulation of Ghana’s green minerals,” Minister Jinapor added. “There may be some tweaks to improve the policy as parliament works to approve and inculcate it into the nation’s mining policy document.”
