Ghana signs $341.6m deal with Danieli to strengthen aluminium value chain

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Ghana has moved a step forward to boost its aluminium industry after the signing of a Memorandum of Understanding (MoU) between the Ghana Integrated Aluminium Development Corporation (GIADEC) and Italian engineering company Danieli & C. Officine Meccaniche S.p. A. for developing downstream aluminium processing infrastructure in the country.

The deal sees Danieli invest around EUR300 million (USD 341.61 million) in an aluminium sheet and foil rolling facility at the proposed Tema Integrated Industrial Park. The plant is projected to generate 40,000 to 45,000 tonnes of value-added aluminium products annually across ten categories for industries such as packaging, pharmaceuticals, food processing, catering and other industrial uses.

The project also involves setting up a Centre of Excellence for aluminium processing, research, innovation, skills development and technology transfer. The facility will be a regional centre of excellence for advanced aluminium manufacturing in West Africa.

The aluminium complex will be developed in the Tema Heavy Industrial Zone, where GIADEC is partnering with ARISE Integrated Industrial Platforms (ARISE IIP) and Tema Development Corporation (TDC) Ltd. The location provides access to the Volta Aluminium Company (VALCO), Tema Port and existing transport and industrial infrastructure to support export-oriented manufacturing.

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The investment is part of Ghana’s wider strategy to develop an integrated aluminium value chain from exporting raw bauxite to manufacturing higher-value aluminium products within the country, GIADEC said. The programme is expected to increase local value addition, boost manufacturing capacity and create new industrial opportunities.

At the signing ceremony, Danieli’s representative, Danilo Dreolini, said the project provides an opportunity for Ghana to convert its natural resources into value-added manufactured exports. The Italian Ambassador to Ghana, Laura Ranalli, said the pact was a sign of increasing industrial cooperation between the two countries.

Reindorf Twumasi Ankrah, the Chief Executive Officer of GIADEC, said the collaboration is a demonstration of the corporation’s commitment to partner with international technology providers to position Ghana as an emerging aluminium manufacturing hub in West Africa.

The project is expected to boost industrial development, but its sustainability will hinge on factors such as reliable power supply, efficient logistics, skilled labour force and steady demand for processed aluminium.

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