Ghana Invites Chinese Investment in Green Mineral Exploitation– Abu Jinapor
On April 30, 2024, the Minister for Lands and Natural Resources, Samuel Abu Jinapor, delivered a compelling keynote address at the China-Ghana Resources Innovation Roundtable. His message emphasized the potential for Chinese investors to participate in the sustainable exploitation of Ghana’s green mineral resources. These resources include lithium, iron, and various industrial minerals like salt. He made a strong case for collaboration between the Chinese government, businesses, and Ghana to unlock the potential of these valuable resources.
Key Points:
Ghana’s Green Mineral Policy
Minister Jinapor highlighted Ghana’s commitment to equitable resource utilization. The government aims to ensure that both Ghanaians and investors benefit from the country’s rich mineral wealth. By creating a robust and supportive investment climate, Ghana invites Chinese companies to extend and diversify their ventures in the budding green mineral industry. The ultimate goal is efficient exploitation while maximizing returns for all stakeholders.
Investment Opportunities
He also appealed to Chinese companies and investors to make the strategic decision to invest in green mineral resources such as lithium, iron, and industrial minerals including salt, as their benefits and returns are most certainly guaranteed. Jinapor highlighted that Ghana’s policy focuses on effective exploitation, value addition, environmental protection, local content, and participation. As well as the efficient utilization of mineral resources for the benefit of Ghanaians and investors alike.
“The government of Ghana is ready to partner with investors, particularly those from China, to add value to our mineral resources with the ultimate goal of ensuring efficient, effective, and managed exploitation of our natural resources for the benefit of our people while ensuring optimal returns for the investors. As the only country to build an end-to-end lithium battery industry. The government of the People’s Republic of China and Chinese investors must be our natural partners in this endeavor,” he noted.
Highlighting the impressive contributions of Ghana’s mining sector to the country’s economy, the Minister noted that the sector contributes 16% of the total revenue generated by the government of Ghana and also forms 7.9% of the Gross Domestic Product (GDP). Adding to these impressive numbers, which have the potential of rising astronomically through an effective Ghana-China collaboration. Is the historically rich bilateral relations between Ghana and China, as well as the success stories of Chinese companies in Ghana, particularly in the mining sector.
Strategic Partnership:
Minister Jinapor acknowledged the historically rich bilateral relations between Ghana and China. Chinese companies have already achieved success in Ghana, particularly in the mining sector.
Ghana recognizes China’s expertise in building an end-to-end lithium battery industry—from exploration to battery production. Minister Jinapor urged Chinese investors to strategically invest in Ghana’s green minerals. The bilateral relations between the two countries. Also coupled with the success stories of Chinese companies in Ghana’s mining sector, make this collaboration a natural fit.
As Ghana positions itself for sustainable growth, we look forward to witnessing the positive impact of this partnership. The government of Ghana stands ready to work closely with Chinese investors, leveraging their expertise. And also resources to maximize the value of green mineral exploitation. As Ghana charts its path towards sustainable development, Minister Jinapor’s call for strategic investment echoes across borders.
