If you want more profit in the Lithium deal, bring out reasons – Sly Tetteh tells critics

If you want more profit in the Lithium deal, bring out reasons – Sly Tetteh tells critics

Sylvester Tetteh, a.k.a. Sly, the Member of Parliament for Bortianor-Ngleshie-Amanfro, is asking opponents of the government’s lithium agreement to provide proof of their need for higher agreement earnings.

He argues that without evidence or justification, it is insufficient to make such demands for a rise in the stake or profit in the lithium deal.

He clarified that the government has been able to negotiate the greatest terms in the globe.

Therefore, they ought to disclose that information if interested parties ask for additional involvement.

His remarks are in the context of continuing debates and discussions on the government’s agreement with Barari DV to mine lithium in Ewoyaa in the Central Region.

According to the agreement, Ghana will now get 10% in royalties—a percentage that the government claims to be the highest in the world.

Speaking on Metro TV on December 12, 2023, MP Sly Tetteh pointed out that if interested parties believe the 10% is insufficient, then solid justifications are required to demand further benefits from the lithium agreement.

“Whatever we are doing, there are practices all over the world. There are standards and investments that are being done all over the world. There is no country in the world that has more lithium deposits than ours but those countries have the best practices. When we got oil, we were in the Scandinavian countries to learn about oil, the same is with this one. What we have been able to sign, is the best in the world and nobody is disputing that.

“If we are saying that we still need more, I am not closing down that chapter, people should bring reasons. It is not enough to say that we have only royalties. If we want to pass royalties and say, we have to own part of what we are doing, I agree. But what does it cost to be a partner in this mining, it is something that should be open on the table. Let’s quantify what it takes to be a partaker rather than paying me royalties. It’s a fair argument but at what cost,” he questioned.

 

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