Ghana alumina

IMF Says Collateral At Risk In Bauxite-Backed Loan From Sinohydro To Ghana

IMF Says Collateral At Risk In Bauxite-Backed Loan From Sinohydro To Ghana

Repayment of a US$2-billion loan backed by a portion of Ghana’s bauxite reserves may be defaulted upon according to a report published last week quoting the International Monetary Fund (IMF). According to the Natural Resource Governance Institute’s report entitled Resource-Backed Loans: Pitfalls...

Events

National Bauxite Authority to be Established in Months: Ghana’s Akufo-Addo

Ghana’s new president Nana Addo Dankwa Akufo-Addo revealed plans for his government to establish a bauxite and aluminium development authority within the next three months earlier this week. In comments made at the 5th Africa CEO Forum held in Geneva, Switzerland, Akufo-Addo said such a move would help establish a strong aluminium industry in Ghana […]

Ghana to Develop Integrated Aluminium Industry: Mines Minister

The Ghanian Minister of Finance Ken Ofori-Atta told domestic media last week of the government’s intention to fast-track economic development by developing an integrated aluminium industry. Ofori-Atta outlined a six-point plan for developing such an industry: establishing bauxite mines in Awaso, Nyinahin, and Kyebi; building an alumina refinery, most likely in Kyebi; establishing inexpensive and […]

Ghana Seeking Investors for Domestic Aluminium Production

Ghana’s Principal Mining Officer at the Minerals Commission said this week that his country is in search of investors willing to back the mining of the country’s substantial bauxite ore deposits. Jerry Ahadzi, Principal Mining Officer, said that these investors would spearhead the development of the value chain for bauxite in the country. He went […]