Ghana to ban raw manganese, bauxite exports by 2030 Finance Minister
Finance Minister Dr Cassiel Ato Forson said Ghana aims to process all its manganese and bauxite locally by the end of 2030. “By the end of 2030, Ghana will process all its manganese and bauxite locally and prohibit raw manganese and bauxite exports,” he told Parliament on Thursday, November 12, while presenting the 2027 Budget Statement and Economic Policy.
The government has announced plans to end the export of raw manganese and bauxite by 2030 as part of efforts to promote local processing and maximise the economic benefits of the country’s mineral resources. Finance Minister Dr Cassiel Ato Forson said Ghana aims to process all its manganese and bauxite locally by the end of 2030. The move will follow an initial target of processing at least 50 per cent of the two minerals locally by the end of 2028.
“By the end of 2030, Ghana will process all its manganese and bauxite locally and prohibit raw manganese and bauxite exports,” he told Parliament on Thursday, November 12, while presenting the 2027 Budget Statement and Economic Policy. “Local refining will reach 100 per cent by December 2028, when all exports of raw ASM gold will be prohibited,” he added.
The policy forms part of a proposed US$1.5 billion investment in critical minerals value addition under Pillar 4 of the 2027 Budget. READ ALSO: These are the 8 pillars of the ‘New Economy’ in the 2027 Budget
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