The Natural Resource Governance Institute (NRGI) has called for broader stakeholder consultation, transparency, and accountability in Ghana’s emerging lithium and mining value chain, warning that gaps in the current system could cost the country significant revenue.

The institute said weaknesses in mineral licensing processes could expose Ghana to financial losses if not addressed early, particularly as global demand for lithium continues to rise.

Speaking to Citi News on Tuesday, March 17, NRGI Country Manager Patrick Stephenson said that although Ghana is yet to begin large-scale lithium production, lessons from the gold sector highlight potential risks.

“When we look critically at the licensing process for lithium, there are potential risk areas that could lead to loss of value not just economically, but also in terms of broader national benefits,” he said.

Stephenson noted that the structure of the licensing regime could create vulnerabilities, particularly if not properly regulated.

He warned that experiences from other mineral sectors show poorly designed systems can create “flashpoints” for corruption, especially where individuals are able to influence licensing decisions.

“The presence of politically exposed individuals—whether linked to government or political parties—can introduce risks that may undermine the value the country derives from its resources,” he said.

He added that revenue management remains another key concern, cautioning that weak oversight systems could lead to misuse or loss of mining proceeds, depriving the country of critical development gains.

Referencing past mining agreements, Stephenson pointed to cases where deals were overturned by the courts, resulting in delays, investor uncertainty, and revenue losses.

To address the challenges, NRGI is urging enhanced stakeholder engagement, greater transparency in licensing, stronger accountability systems, and the deployment of technology to improve oversight.

“People should be able to go onto the Minerals Commission’s platform and see not just who has applied for licenses, but also the companies involved and who ultimately owns them,” he said.

The institute maintains that improving transparency, including the disclosure of beneficial ownership, will be key to reducing corruption risks and ensuring Ghana maximises value from its lithium resources.