Martin Ayisi, CEO of Ghana’s Minerals Commission, announced a significant partnership between the Government of Ghana and a Chinese manganese company to construct a $450 million refinery.
This initiative aims to enhance value-added processing of Ghana’s manganese production.
Speaking at the 7th Annual Mining on Top Africa Summit in France on July 3, 2024, Ayisi highlighted that the refinery project is projected to increase Ghana’s revenue from manganese exports from the current 27% to nearly 40%.
He emphasized the substantial economic impact, predicting the creation of approximately 400,000 jobs for Ghanaian youth.
Ayisi underscored the government’s commitment to commence refinery construction by August 2024, demonstrating Ghana’s determination to modernize its mineral sector through initiatives led by the Ministry of Lands and Natural Resources.
Noting Ghana’s history of exporting raw manganese since 1916, Ayisi outlined the current administration’s strategic shift towards local value addition.
He also announced plans to establish a lithium mine by late 2024, with operations expected to span 22 months, further bolstering Ghana’s local processing capabilities and enhancing the value of its mineral resources.
Ayisi advocated for increased local participation in African mining projects, urging policies that facilitate local ownership and benefit-sharing throughout the mining value chain.
He emphasized the importance of stable governance frameworks for fostering long-term partnerships with investors, advising stakeholders to consider a country’s regulatory environment and practices before committing to projects.
The announcement signifies Ghana’s proactive stance in leveraging its mineral wealth to drive economic growth and create sustainable opportunities for its citizens.
It aligns with broader efforts to enhance industrialization and value addition within the African mining sector.
