{"id":19473,"date":"2024-07-05T14:25:37","date_gmt":"2024-07-05T14:25:37","guid":{"rendered":"https:\/\/sotnews.agency\/?p=19473"},"modified":"2024-07-05T18:10:40","modified_gmt":"2024-07-05T18:10:40","slug":"450m-refinery-to-boost-ghanas-manganese-revenue-by-40-minerals-commission-ceo","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=19473","title":{"rendered":"$450m refinery to boost Ghana\u2019s manganese revenue by 40% \u2013 Minerals Commission CEO"},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 48 Second <\/div>\n\n <\/div>

Martin Ayisi, Chief Executive Officer (CEO) of the Minerals Commission, has announced that following a strategic partnership between the Government of Ghana and a Chinese manganese company, the country is set to build a $450 million refinery in Ghana.<\/p>\n

This initiative aims to add value to the country\u2019s manganese production.<\/p>\n

Mr Ayisi revealed that this project is expected to increase Ghana\u2019s revenue from manganese from the current 27% to nearly 40%.<\/p>\n

He emphasised the positive economic impact, noting that the refinery will also create approximately 400,000 jobs for Ghanaian youth.<\/p>\n

Mr Ayisi was speaking at the 7th Annual Mining on Top Africa Summit in Paris-France on Wednesday, July 3, 2024, Mr Ayisi on the theme \u201cMining Partnership for Long-Term Successful Projects: Meeting Obligations and Exploring New Avenues.\u201d<\/p>\n

He highlighted the government\u2019s commitment to initiating construction of the refinery in August 2024, underscoring that Ghana, through its Ministry of Lands and Natural Resources, is dedicated to transforming the mineral sector.<\/p>\n

Mr Ayisi remarked that while Ghana has been exporting raw manganese since 1916, the current government is focused on ending this practice and adding value locally.<\/p>\n

Additionally, he stated plans to establish a lithium mine by the end of 2024, with the project expected to take 22 months to complete. This will further enhance local processing capabilities and add value to Ghana\u2019s mineral resources.<\/p>\n

He urged other African countries to follow Ghana\u2019s lead in local participation in mineral resource projects.<\/p>\n

He advocated for policies that allow local citizens to benefit from the value chain, even suggesting local ownership of shares in mining companies.<\/p>\n

Mr Ayisi also highlighted the importance of stable governance for long-term partnerships, advising investors to consider a country\u2019s regime and practices before committing.<\/p>\n

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The post $450m refinery to boost Ghana\u2019s manganese revenue by 40% \u2013 Minerals Commission CEO<\/a> appeared first on Citinewsroom – Comprehensive News in Ghana<\/a>.<\/p>

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Martin Ayisi, Chief Executive Officer (CEO) of the Minerals Commission, has announced that following a strategic partnership between the Government of Ghana and a Chinese manganese company, the country is… <\/p>\n","protected":false},"author":1,"featured_media":19615,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-19473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/19473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19473"}],"version-history":[{"count":2,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/19473\/revisions"}],"predecessor-version":[{"id":19617,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/19473\/revisions\/19617"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/media\/19615"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}