Ghana to Cease lithium Ion Opportunities

Introduction

Although Ghana’s public debt exceeds 100% of Gross Domestic Product (GDP), the country led by Nana Akufo-Addo is firmly gripped around a recent lithium project developed in Ewoyaa by an Australian company. The extraction and processing of materials will allow Ghana to position itself in global supply chains for strategic minerals that are used in manufacturing electric vehicles (EVs).

Ghana aims to exploit its mineral wealth for economic growth and sustainable development for its 32 million citizens. For some years now, the government is committed to exploiting its first lithium mine in the Mfantseman region at Ewoyaa. This project is being implemented by Atlantic Lithium has reached a new milestone.

The Australian companues received a 15-yer mining permit and has raised $5.3 million to begin preleminary work on its site. While mining activities by foreign first tend to be controversial due to their environmental impact, Atlantic Lithium is well received.

A promising investment

The Ewoyaa project, with an investment cost approaching 185 million dollars, should enable Ghana to become the largest producer of lithium in the West African sub-region, and thus the leading exporter of this essential raw material for the manufacture of batteries for electric vehicles…