Ghana to establish $450m Manganese refinery in strategic partnership with Chinese firm
Mr. Martin Ayisi, CEO of the Minerals Commission, has announced a landmark initiative to construct a $450 million manganese refinery in Ghana, following a strategic partnership between the Government of Ghana and a Chinese manganese company. The project aims to add significant value to Ghana’s manganese production.
Revealing the plans at the 7th Annual Mining on Top Africa Summit in Paris, France, on Wednesday, 3rd July 2024, Mr. Ayisi highlighted the substantial economic benefits anticipated from this venture. He stated that the refinery is projected to enhance Ghana’s manganese revenue and create approximately 400 jobs for the local youth.
Speaking on the topic “Mining Partnership for Long-Term Successful Projects: Meeting Obligations and Exploring New Avenues,” Mr. Ayisi emphasized the government’s commitment to initiating construction of the refinery by August 2024. He underscored the Ministry of Lands and Natural Resources’ dedication to transforming Ghana’s mineral sector.
Ghana has been exporting raw manganese since 1916, but the current administration is focused on halting this practice to prioritize local value addition. This initiative aligns with the government’s broader strategy to boost the country’s industrial capacity and economic resilience.
In addition to the manganese refinery, Mr. Ayisi mentioned plans to establish a lithium mine by the end of 2024, with a completion timeline of 22 months. This project is expected to further bolster local processing capabilities and add value to Ghana’s mineral resources.
Mr. Ayisi called on other African nations to emulate Ghana’s approach to local participation in mineral resource projects. He advocated for policies that ensure local citizens benefit from the entire value chain, including ownership stakes in mining companies.
He also stressed the importance of stable governance for fostering long-term partnerships, advising investors to consider a country’s regime and practices before committing to projects.
