The former Majority Leader and Member of Parliament for Suame, Osei Kyei-Mensah-Bonsu, has issued a strong warning about the potential risks of delaying the passage of Ghana’s lithium agreement.
During a parliamentary session, Kyei-Mensah-Bonsu stressed the limited availability of lithium resources, urging lawmakers to act quickly to prevent the country’s lithium assets from becoming stranded.
Speaking at a stakeholder forum in Parliament on Tuesday, September 3, he disclosed the critical importance of the agreement and called for its swift passage through the legislative process.
His warning comes at a time of rapidly increasing global demand for lithium, a key component in the production of batteries for electric vehicles and renewable energy storage.
The MP cautioned that the window of opportunity to take full advantage of this valuable resource may be narrower than expected.
“We must declare in our minds that if we don’t take action, we may experience stranded assets in the not-too-distant future. As far as lithium is concerned, we should not think that it is an eternal resource.
“What is happening now, pretty soon, if we are not careful, it may fall into the category of stranded assets. That is not to say that we should not approach it with some degree of caution” Mr. Kyei-Mensah-Bonsu added.
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