The energy transition and critical minerals in Ghana

This report maps the critical (transition) minerals in Ghana and the associated socio-economic opportunities and governance challenges. The objective of the report is to assist policymakers and stakeholders in understanding the risks and opportunities associated with the energy transition and access the information required to navigate them. The report focuses on four areas, namely:

1. Global and local framing of the energy transition, its impact on the extractives industry, and the role of critical minerals. This constitutes an assessment of fossil fuel-based revenue expectations and implications of the transition in the petroleum sector and the broader economy.
2. Scope of proven critical minerals in Ghana. This includes the volumes (quantities) of proven critical minerals and spatial dimensions (where they are located in the country).
3. Review of the existing legal and regulatory regime guiding the mining sub-sector, emphasising critical minerals. This includes a discussion of how emerging fiscal and legal regimes reflect recent and future developments in the mining sector in other jurisdictions in light of the energy transition.
4. Potential fiscal, social and environmental risks and opportunities based on the resource mapping assessment. This includes proposing transparency parameters that future GHEITI MSG reports could cover to inform the public debate on the energy transition.