Ghana

Ghana Government Seeks Partner For Revitalization Of VALCO Aluminium Smelter

Ghana Government Seeks Partner For Revitalization Of VALCO Aluminium Smelter

The Ghanian government is actively searching for partners to rehabilitate the aluminium smelter operated by state-owned Volta Aluminum Company (VALCO). Such was the message conveyed by Ghana Lands and Natural Resources minister Samuel Jinapor at the Africa CEO Forum conference earlier this...

Events

Ghana’s Bauxite Mining Plans Well Underway: President Akufo-Addo

Ghana’s president announced earlier this week that his government is well into plans to take advantage of the bauxite ore reserves in the eastern reaches of his country. In a speech delivered while touring the region President Nana Addo Dankwa Akufo-Addo said that the government-owned Ghana Integrated Aluminium Development Corporation (GIADEC) is working toward bauxite […]

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 and Potential, the 2018 loan to Ghana’s government from Chinese firm Sinohydro obligates […]

Ghana To Decide On New Bauxite Joint Partnership By Year’s End: President Akufo-Addo

In the course of the Ghanaian president’s state of the union address last week, Nana Akufo-Addo revealed that the decision by Ghana Integrated Aluminium Development Corporation (GIADEC) on the subject of a joint venture to explore the country for additional bauxite resources would be made by year’s end. Speaking to Ghana’s parliament on Thursday, Akufo-Addo […]

Power Restored To Ghana’s VALCo Smelter After Brief Debt Row

Power is back on at Volta Aluminum Company Limited’s (VALCo) plant in Ghana today after provider Ghana Grid Company Limited (GRIDCo) cut the supply on Monday over VALCo’s outstanding unpaid debt to the firm. The Head of Communications and Public Affairs for Ghana’s Energy Ministry Nana Oppong Damoah confirmed the new state of affairs to […]