Emmanuel Armah-Kofi Buah in Parliament
The Chief Operating Officer of the Ghana Chamber of Mines, Ahmed Nantogmah, has expressed optimism that Parliament will soon ratify the mining lease of Atlantic Lithium, bringing closure to a process that has been pending for nearly two years.
Speaking in an interview with ghextractives.com at the Chamber’s Land Access Workshop in Accra on Tuesday 28 October, Nantogmah said there were encouraging signs that Parliament may act on the ratification before the current session concludes.
“We are hearing positive indications that it will be done before this current Parliament rises,” he said. “We hope and pray that it happens so the company can finally have closure and certainty on their lease.”
He stressed that the ratification was vital for investor confidence and project stability, particularly since Atlantic Lithium was granted the mining lease on October 19, 2023, but has since been waiting for parliamentary approval.
“It will be very disheartening to put so much investment into a project and, after two years, still not have clarity on ratification,” Nantogmah explained. “Global market conditions change, prices shift, and investors need predictability to plan effectively.”
He noted that such delays could affect not only the company and its shareholders but also host communities and Ghana’s reputation as a reliable destination for mining investment.
“If we are going to ratify it, let’s ratify it. If not, there should be a clear statement,” he emphasized. “This kind of uncertainty doesn’t help the company, the community, or the country.”
The Land Access Workshop, organized by the Ghana Chamber of Mines, brought together stakeholders to discuss land use, community relations, and sustainable mining practices within Ghana’s extractive sector.
Once approved, Atlantic Lithium’s Ewoyaa Project will become Ghana’s first commercial lithium mine, marking a milestone in the country’s ambition to develop its green minerals sector and attract sustainable investment into the growing battery metals market.
