Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled miner eyes expansion beyond coal and to secure overseas mineral assets. The Ghana interest is part of a wider plan to establish Coal India’s first overseas trading office in...
Volta Aluminium Company Limited (VALCO) plans to move further into Ghana’s aluminium value chain with a new continuous casting and rolling mill that will produce aluminium rods for electrical cable manufacturers. The company has already supplied test samples to Nexans Kablemetal and Reroy Cables,...
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Ghana President Akufo Addo has assured his countrymen that the infrastructure deal with China in lieu of bauxite does not mean a compromise with Ghana’s sovereignty. He considers it to be a pure business transaction and the Asian giant is not going to take over various sectors of Ghan’s economy....
Parliament, on Wednesday, 5 December 2018 approved the US$2 billion bauxite barter deal between the government of Ghana and China’s Sinohydro Corporation Limited, according to news reported by Ghana Web. Under the deal Sinohydro would fund the infrastructure projects in Ghana, including roads,...
Ghana can now access US$ 649 million as the first tranche of the 2 billion dollar Sinohydro infrastructure. In exchange, the country will have to deliver bauxite to China. Mr. Oppong Nkrumah, the Minister of Information, announced the news while addressing journalists at the bi-weekly media...
The Finance Minister, Ken Ofori-Atta, says the Akufo-Addo –led administration is bent on moving away from exporting the country’s resources in their raw forms. Speaking ahead of the UK-Ghana Investment Summit scheduled in Accra from October 15-16, the Minister said, adding value to resources before...
Ghana’s President Nana Akufo-Addo has announced the signing of $2 billion Master Project Support Agreement (MPSM) between the Government of Ghana and Sinohydro Corporation Limited. The agreement was signed during a state visit to China by President Nana Akufo-Addo. Under the deal Sinohydro will...
Members of the Ghana Mine Workers Union (GMWU) have supported the Akufo-Addo Administration’s decision to sign a $2 billion bauxite barter deal with Sinohydro Group Limited. The government is facing criticism from analysts and oppositions on the decision to agree on a loan for infrastructure...
The Ghana government is likely to face political risks from its $2 billion bauxite deal with China’s Sinohydro, Global financial analyst Fitch predicts. MyJoyOnline reported that the report comes at a time when Parliament approved $500 million for phase one of the bauxite deal. Under the deal...
Ghana’s opposition party seeks the opinion of International Monetary Fund (IMF) regarding the US$2 billion deal agreed between the government and China’s Sinohydro Corp Ltd which assures infrastructure development in Ghana in exchange for bauxite. Under the deal China’s Sinohydro Corp Ltd will...
Dr. Camynta Baezie, a former Chief Executive Officer of the State Enterprises Commission suggests the Ghana government should review the US$2 billion worth of bauxite agreement that it recently inked with China. Late July, Ghana’s Finance Minister Ken Ofori-Atta had announced a US$2 billion deal...
Ghana Vice President Dr. Mahamudu Bawumia declared that around 10,000 housing units would be constructed in Ghana for security personnel across the country under the infrastructure of US$2 billion worth of barter trade bauxite deal signed with Chinese Sinohydro Group. This initiative for the...
The Ghana National Chamber of Commerce and Industry (GNCCI) has agreed to lend its support to the Integrated Bauxite and Aluminium Project of the country, stating that this project represents an excellent step to market the country’s own bauxite reserves. Mark Badu-Aboagye, president of the GNNCI,...
General Manager of Ghana Bauxite Company, J.K Fang, has said that despite various operational challenges, the company managed to register profits for the first time in bauxite mining for two years. Ghana Bauxite Company is facing allegations that the company is hiding facts to evade tax payment to...
Ghana Vice President Dr. Mahamadu Bawumia has declared that the establishment of Ghana Integrated Bauxite and Aluminium Development Authority is about to complete and almost ready to add value to country’s mineral resources. He explicitly said, "We are almost at the end of establishing a government...
Ken Ofori-Atta, Ghana’s s Finance Minister has announced a $2 billion deal with Chinese engineering firm, Sinohydro Group Limited, in the parliament to fund infrastructure projects by the government. He said that the deal which will help the government leveraging the country's bauxite deposits will...
A member of the Concerned Citizens of Atewa, Oteng Adjei, at a press conference on Thursday has charged the President, Nana Akufo-Addo to break his silence on government’s decision to mine bauxite in the Atewa forest. According to the group, the President has refused to respond to an earlier...
Ghana Vice President Mahamudu Bawumia has requested the United States through the Secretary for Commerce Wilbur Ross, to consider partnering with Ghana for developing a strong bauxite industry in the country. While delivering a speech at the US-Ghana business session, Mahamudu explicitly said that...
Ghana Vice-President Dr. Mahamudu Bawumia has assured a new bill to establish that the Ghana Integrated Bauxite and Aluminium Development Authority (GIBADA) is not another mining regulatory body. This assurance came from him when the Minerals Commission Board, led by its Chairman S.K. Boafo, paid a...
Speaking at the African Sovereignty Wealth Funds Summit on Friday, June 1, 2018, Ghana Vice-President Dr. Mahamudu Bawumia emphasised that African leaders and businesses should increasingly make the best use of natural resources deposited in the land to create wealth. He said, “Africa has hundreds...
