This includes a recent bid for a stake in a mining company for newly discovered lithium deposits in the country. Atlantic Lithium has discovered lithium in commercial quantities in Ghana and is on track to become West Africa’s first producing mine, said MIIF. “The Ewoyaa discovery in the central region has significant amount of lithium spodumene located on the Cape Coast lithium belt. “MIIF plans to take up an equity stake in the fully funded African focused company which has a 50% offtake agreement from Piedmont Lithium, a US based developer of lithium resources for the Ghana produced lithium.” Piedmont Lithium also has a 50% offtake agreement with Tesla. There are only 24 public charging stations available in Ghana, limiting the accessibility of electric vehicles to potential buyers.

Source: The North Africa Journal April 26, 2023 13:47 UTC