No Result
View All Result
Sunday, June 11, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Let’s remain optimistic – Otuo Siriboe to Ghanaians

    South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery

    Ghana returns to gold top spot as output jumps 32%

    Ghana Hotels Association to petition PURC over tariff increment

    CBOD laments adverse impact of gold for oil policy on bulk oil distributors

    Pensioner Bondholders justify decision to petition CHRAJ over interest

    We are poised to eradicate poverty through SEED initiative – SSNIT

    Govt aims to transform fishing industry with new aquaculture centre

    Maiden Ghana Automotive Summit set for June 27

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Update your records or have your names expunged – ORC tells businesses

    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

  • TECHNOLOGY

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    WTO Chief urges African governments to increase trade, agric investment

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Let’s remain optimistic – Otuo Siriboe to Ghanaians

    South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery

    Ghana returns to gold top spot as output jumps 32%

    Ghana Hotels Association to petition PURC over tariff increment

    CBOD laments adverse impact of gold for oil policy on bulk oil distributors

    Pensioner Bondholders justify decision to petition CHRAJ over interest

    We are poised to eradicate poverty through SEED initiative – SSNIT

    Govt aims to transform fishing industry with new aquaculture centre

    Maiden Ghana Automotive Summit set for June 27

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Telcos, BoG to collaborate to retrieve locked funds on MoMo accounts – Ursula

    Update your records or have your names expunged – ORC tells businesses

    Ghana is the best destination for investment in West Africa – Bawumia

    African leaders urged to push for electronic cars over combustible automobiles 

    Modify old trade conventions to favor local printing firms – AGI tells govt

    Publish gold-for-oil policy document to improve transparency – Dr. Manteaw

    Re-consider computation of VAT for local industries- AGI tells govt

    IMF proposes acquisition, mergers of banks to mitigate financial sector instability

    Ghana and Côte d’Ivoire partner to tackle cocoa smuggling

  • TECHNOLOGY

    #CitiBusinessFestival: Go digital to increase customer reach – Businesses told

    #CitiBusinessFestival: Trust ecosystem needed to minimize e-commerce fraud – Benedict Bentil

    Citi Business Festival: Forum on Digital Economy comes off today

    Citi Business Festival: 8 pillars of digital economy by TechGulf’s CEO

    Cyber Security Authority mandate critical to country’s development – Joseph Cudjoe

    MTN shareholders given choice to convert dividend or take cash

    Ghana gets $300 million from US to build first-of-its-kind data center

    Telcoms industry players urged to partner government to promote clean energy transition

    Dominion University To Partner With USA Organisations To Set Up Centre Of Excellence For Artificial Intelligence

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    WTO Chief urges African governments to increase trade, agric investment

    Mining propels Ghana to beat growth estimates in fourth quarter

    BoG pushes for improvement in IMF’s lending framework to boost continent’s access to resources

    Foreign exchange: Several African countries have a shortage of US dollars – why this happens and how to fix it

    Ghana and South Africa urged to leverage on AfCFTA to boost bi – lateral relations

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Bauxite mining in Atewa Forest won’t affect three key river bodies — GIADEC

bycitibusinessnews
December 5, 2019
in Business, News
Share on FacebookShare on TwitterShare on Whatsapp

The Ghana Integrated Aluminium Development Corporation is assuaging fears that the country’s quest to mine the bauxite reserves in the Atewa Forest will lead to the destruction of three of the country’s water bodies which take their sources from the reserve.

The three rivers, Birim, Densu and Ayensu provide the source of drinking water for more than five million Ghanaians.

Speaking at a press conference in Accra on Wednesday, Michael Ansah, GIADEC’s CEO said mining in the forest reserve will not be carried out close to the three rivers and as such as concerns that the bauxite mining will endanger them could not be true.

ADVERTISEMENT

“If you look at the map of the mining concessions, where they [the three rivers] will be, for the Birim and Ayensu, their sources will be about 10 km from the points of these mining while the Densu’s will be 15 miles away,” he said.

According to him, in some mining concessions elsewhere in the world, rivers could be as close as one kilometer away and as such having the three rivers as far as they are currently, is in line with best practices.

The government’s decision to mine in the reserve has already led to the signing of the Sinohydro barter deal which would see the country exchange its share of bauxite for  US$2bn which will be used for infrastructural projects across the country.

GIADEC, mandated to hold government’s Ghana’s full interest across the value chain in the integrated aluminum industry, will hold a minimum 30 percent stake in any new mine, refinery or smelter alongside private investors.

The mining of the bauxite is projected to commence by 2021.

Atewa Forest

The Atewa forest is part of the Guinean Forests of West Africa which stretch from southern Guinea into eastern Sierra Leone and through Liberia, Côte d’Ivoire and Ghana into western Togo.

Deforestation has massively reduced the size of the forests and the Upper Guinea Forest is now restricted to a number of more or less disconnected reserves and a few national parks acting as man-made refuges for the region’s biodiversity.

 

Related Posts

Local Economy

Let’s remain optimistic – Otuo Siriboe to Ghanaians

bycitibusinessnews

Chairman of the Council of State, Nana Otuo Siriboe II has called upon Ghanaians to maintain a sense of optimism...

Read more

South Africa congratulates Ghana on IMF deal, Ofori- Atta pledges speedy economic recovery

Ghana returns to gold top spot as output jumps 32%

Ghana Hotels Association to petition PURC over tariff increment

CBOD laments adverse impact of gold for oil policy on bulk oil distributors

Pensioner Bondholders justify decision to petition CHRAJ over interest

We are poised to eradicate poverty through SEED initiative – SSNIT

Next Post
Ursula Owusu-Ekuful, Minister of Communications

Bright Simons writes: Government deserves some flak for rising data & call rates

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2023 Citi Business News - CitiBusinessNews.com by CNR Digital.