Following sustained public commentary, the lithium mining agreement between the Government of Ghana and Barari DV (Atlantic Lithium) that had been laid before Parliament was withdrawn. The withdrawal was driven primarily by concerns over the revised fiscal terms, particularly the royalty rate.

In Ghana’s natural resource governance, mining and petroleum agreements are often approved rapidly by Parliament, sometimes with the suspension of standing orders. Against this background, the withdrawal of a resource contract in response to public debate is notable and reflects growing public engagement in extractive sector governance.

However, the absence of clear market signalling and coordinated communication contributed to a sharp decline in Atlantic Lithium’s share price (approximately 30%), highlighting the importance of transparency and predictability in policy actions. Note that Ghana has invested in the company through MIIF in the Parent company and the local project.