Chief Executive Officer of the Minerals Commission, Martin Ayisi has announced a significant partnership between the Government of Ghana and a Chinese manganese firm to construct a $450 million refinery in Ghana.

This initiative aims to improve the value-added processing of Ghana's manganese production.

Speaking at the 7th Annual Mining on Top Africa Summit in France on July 3, 2024, Martin Ayisi highlighted that the refinery project is expected to increase Ghana's revenue from manganese exports from 27% to nearly 40%.

He emphasized the significant economic impact, predicting the creation of approximately 400,000 jobs for Ghanaian youth.

Ayisi underscored the government's commitment to begin refinery construction by August 2024, showing 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 Akufo-Addo administration's strategic shift towards local value addition.

He also announced plans by the government to establish a lithium mine by the end of 2024, with operations expected to last 22 months, further strengthening Ghana's local processing capabilities and increasing the value of its mineral resources.

The Minerals Commission CEO advocated for increased local participation in African mining projects, urging for policies that promote local ownership and benefit-sharing throughout the mining value chain.

"I must emphasize the importance of stable governance frameworks in fostering long-term partnerships with investors while advising stakeholders to consider a country's regulatory environment and practices before committing to projects," Ayisi said.

The announcement signifies Ghana's proactive approach in leveraging its mineral wealth to drive economic growth and create sustainable opportunities for its citizens. It also aligns with broader efforts to enhance industrialization and value addition within the African mining sector.

MA