9 hours Ago By [email protected] (MENAFN)
Ghana has introduced transformative policy reforms over the past decade, focusing on local content development, infrastructure and equipment modernization and investment. As a result, the country has seen a slate of projects being launched across mature sectors such as the gold, bauxite, manganese and diamond markets, as well as in emerging sectors like lithium, graphite, rare earth elements and iron ore. Uniting policymakers, mining stakeholders and global partners in Accra, the upcoming Mining in Motion (MIM) conference will showcase how policy reform has impacted Ghana's mineral market.
Speakers will share updates on major projects, highlighting investment opportunities and collaborations. Raw Bauxite Export Ban Ghana announced plans to introduce a law banning the export of raw bauxite in June 2024. According to Samuel Abu Jinapor, Ghana's Minister of Lands and Natural Resources, the law aims to support the monetization of Ghana's estimated 900 million tons of bauxite reserves.
By focusing on value addition, the law is expected to create employment, enhance downstream and midstream infrastructure development and increase revenue through the export of high-value bauxite products. Green Minerals Policy Ghana enacted the Green Minerals Policy in August 2023 to simplify entry for critical mineral industry players, foster local content development and establish a footprint in the global energy transition market. By addressing fiscal barriers, the policy is spurring new exploration and production projects.
For instance, Atlantic Lithium Limited received an environmental permit from Ghana's Environmental Protection Agency for its Ewoyaa Lithium Project in September 2024, with first production slated for 2026. Local Content and Participation Regulation Ghana's Local Content and Participation Regulation, introduced in 2020, mandate the use of Ghanaian expertise, goods, services and financing in mining. The laws have facilitated increased investments from global partners by promoting faster project deployment, providing easy access to a skilled and resilient workforce and ensuring seamless entry to market services.
Electrochem Ghana Limited announced plans to expand its workforce by 3,000 to boost salt production to one million metric tons. China's Zijin Mining Group seeks to acquire a stake in Newmont's Akyem Gold Mine in a $1 billion acquisition deal. Canadian firm Asante Gold Corporation also announced a $525 million investment to fund its growth strategy within Ghana's gold industry in October 2024.
Meanwhile, Australian firm Atlantic Lithium is raising additional funding to untap Ghana's lithium potential. Equipment Tracking Regulations Modernizing mining infrastructure is a focus of Ghana's policy reforms. The Equipment Tracking Regulations of 2020 have enhanced operational efficiency by monitoring and regulating the use of earth-moving and mining equipment, contributing to more sustainable mining practices.
As a result, production across the mining value chain has increased with the Minerals Income Investment Fund generating $1.02 billion in revenue from gold monetization in 2024. Mining firm Goldstone Resources also reported a 34% increase in gold production at the Homase Mine as a result of infrastructure modernization and mine expansion.
Stay informed about the latest advancements, network with industry leaders and engage in critical discussions on key issues impacting ASGM and medium- to large-scale mining in Ghana. Secure your spot at the Mining in Motion 2025 Summit by visiting For sponsorship opportunities or delegate participation, contact ..
. . About Ashanti Green Initiative: The Ashanti Green Initiative is a foundation dedicated to promoting environmental restoration, advocating for climate-related issues, and fostering community development in Ghana and beyond.
Guided by a commitment to sustainability, the foundation undertakes projects aimed at rehabilitating degraded lands, restoring water bodies, and promoting responsible natural resource management. The initiative also champions regenerative practices in mining, agriculture, and energy, aligning with global efforts to combat climate change while uplifting local communities through education, capacity-building, and economic empowerment programs. The Ashanti Green Initiative is led by Nana Kwaku Duah, son of His Majesty Otumfuo Osei Tutu II, King of the Ashanti Kingdom.
Under his leadership, the foundation applies forward-thinking approaches and innovative solutions, creating impactful partnerships with local and international stakeholders to drive meaningful change. About Energy Capital&Power: Energy Capital&Power is an Africa-focused global leading investment platform for the energy and mining sectors. Through a series of events, online content and investment reports, we unite the entire energy and mining value chains – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
MENAFN13032025004934011406ID1109310506 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
.
