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Ghana’s parliament calls 10% lithium royalty illegal, pushing for a 5% rate amid legal and political debate.
Ghana’s Parliament’s Majority Caucus has declared the original 10% lithium royalty rate unlawful, citing a 2010 law that caps royalties at 5%.
A revised agreement reflecting the 5% rate has been submitted, following requests from Barari DV Ghana Limited amid falling lithium prices.
While the update complies with existing law, the Minority opposes it, arguing it reduces state benefits.
Committee Chairman Collins Dauda stressed legal compliance and confirmed efforts to amend mining laws to allow higher royalties in the future, with the revised deal now under parliamentary review.
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El parlamento de Ghana considera ilegal el 10% de regalías de litio, impulsando una tasa del 5% en medio del debate legal y político.