The reduction follows a request from mining firm Barari Ghana Limited, which sought a review of its mining lease terms citing a sharp decline in global lithium prices.
The chiefs said they only became aware of the consultation process when a call for stakeholder inputs was published in the dailies, coinciding with a Resource Index Dashboard training workshop held on Wednesday, November 26, by Friends of the Nation, a local NGO, and the Africa Centre for Energy Policy (ACEP).
Charles Paa Grant, secretary to the chief of Krampakrom, urged the government to halt implementation of the 5% rate and engage stakeholders thoroughly.
“To cut to the chase, I think we should stick to the 10% because they haven’t specified whether it will be by next year or within a few years. If prices increase, they may reverse it or raise it to any amount. But they are insisting on 5%, which is short-changing,” he said.
