Ghana

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

First Payment On Infrastructure-For-Bauxite Deal Made By China To Ghana

After talks last weekend between representatives of the two governments, Ghana confirmed that it is going ahead with a US$2-billion deal with the People’s Republic of China to exchange infrastructure improvements in the West African country for bauxite ore. According to Ghanaian Vice-President Mahamudu Bawumia, Beijing has already released the first payment on the deal, […]

Ghana Bauxite Authority Urged By Domestic NGOs To Seek ASI Certification

A domestic NGO is urging the Ghanaian aluminium authority to pursue certification by the Aluminum Stewardship Initiative (ASI) in order to ensure that its efforts at extracting and marketing its wealth of bauxite ore is done in a safe and responsible manner. Abu Karimu, director of Settle Ghana, urged the Ghana Integrated Bauxite and Aluminium […]

Head Of GIADEC Visits Site Of Bauxite Miner Riots In SW Ghana

The head of Ghana’s aluminium promotion and development body traveled to a mine in the country’s southwest last week to ensure that the recent labor unpleasantness has been put behind it. Michael Ansah, Chief Executive Officer of Ghana Integrated Aluminium Development Corporation (GIADEC), traveled to Ghana Bauxite Company Ltd.’s (GBC) mine in Awaso at the […]