Ghana lithium battery pack factory

Will Ghana become the first country in West Africa to produce lithium?

Ghana is set to become the first country in West Africa to produce lithium, a key component in electric vehicle batteries and renewable energy storage systems. The Ewoyaa lithium project, developed by Atlantic Lithium, is expected to start production in 2025 and reach its full capacity of 365,000 tonnes of lithium annually in 2026.

Does Ghana need a lithium processing facility?

An eventual confirmation will spell even greater news for Ghana. But to avoid the mistakes that have riddled the country’s extractive sector – export of raw minerals, Ghana needs to aggressively pursue a lithium processing facility to add value to the raw mineral that will be extracted.

Will Ghana be able to export lithium?

Staying true to the goal of processing lithium domestically before export will put Ghana in the league of African countries such as Zimbabwe and Malawi who have also recognized the value of processing their local lithium resources.

Could a lithium refinery be a turning point in Ghana's economic trajectory?

Ghana’s decision to process its own lithium domestically rather than exporting it in its raw state aligns with the broader conversation on critical minerals for the energy transition. Establishing a lithium refinery in Takoradi could mark a turning point in the country’s economic trajectory.

Why should Ghana invest in ewoyaa Lithium Project?

The Ewoyaa lithium project could position Ghana as a strategic supplier of lithium in the global market and help diversify its economy away from traditional commodities such as gold, cocoa, and oil. The project could also pave the way for further exploration and development of other lithium deposits in Ghana and the region.

Is Australia's Atlantic lithium a good investment for Ghana?

News of Australia’s Atlantic Lithium’s discovery of commercial deposits of the mineral along Ghana’s coast is therefore welcoming and presents another opportunity for Ghana to further develop its extractive industry and grow its economy.