Ghana’s move to prioritize value addition to its natural resources is gaining significant momentum as the country is preparing to see the establishment of its first ever lithium refinery in the Western region. The Plan to build the refinery was revealed by Lithium Resources Ghana Limited at the Akwambo festival held at Ekumfi Assaman in […]
Ghana’s oil production drops by 13% in first half of 2023; New upstream and downstream development to boost production and value addition in the near future
Crude oil production in Ghana takes another down slide in the first half of 2023 based on recent upstream oil production data released by the Petroleum Commission of Ghana. The data show that in the first half of the year (H1), total oil production across the three oil fields (Jubliee, Sankofa Gye Nyame (SGN) and Tweneboa Enyenra […]
Banning the export of unprocessed critical minerals: Is Ghana next on this trajectory?
In recent times, some lithium rich countries in Africa are gearing up to strategically position themselves to reap significant gains in the lithium value chain by introducing trade policies that would enable them capture more of the value in the global market. Countries such as Zimbabwe and Namibia have banned the export of unbeneficiated lithium […]
Government hints on plans to prioritize minerals value addition and halt the exportation of Ghana’s raw mineral resources
The African continent hosts about 30% of global mineral reserves and has huge deposits of mineral resources such as iron ore, gold, diamonds, manganese, bauxite, cobalt and copper etc. Nevertheless, the exploitation of these minerals over the years have not fully translated into national development as expected due to overconcentration on the extraction and exportation […]
Commodity-dependent countries in Africa were mostly affected by global shocks in 2022
Commodity-dependent countries in Africa were mostly affected by global shocks in 2022 Over the years, it has been argued based on conceptual and empirical evidence that export concentration in commodities as evident in many African countries pose serious threats to economic growth and development1. Commodity-dependent countries—countries where commodities represent more than 60% of total merchandise […]