Ghana

Akufo-Addo Administration Reaffirms Commitment To Keeping Ghana Bauxite Company Afloat

Akufo-Addo Administration Reaffirms Commitment To Keeping Ghana Bauxite Company Afloat

Ghana’s Deputy Minister for Lands and Natural Resources in charge of Mining George Mireku Duker went on record last week to reassure workers at Ghana Bauxite Company (GBC) that the Akufo-Addo government will continue to work hard to ensure the firm’s continued...

Events

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 […]