Tag: Ghana Integrated Aluminium Development Corporation
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New report casts doubt on govt’s ability to repay US$2 billion Sinohydro loan
A new report by the Natural Resource Governance Institute says Ghana may find it difficult to repay the US$2 billion Sinohydro loan expected to be paid with proceeds from the country’s bauxite resources. The report, titled ‘Resource Backed Loans: Pitfalls and Potentials’, says countries that depend on resource backed loans like the Sinohydro-bauxite deal ran…
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Aluworks appeals to Gov’t to halt importation of inferior aluminium
The Managing Director of Aluworks Ghana Limited, Kwasi Okoh, has appealed to government to protect local aluminium companies against foreign ones that import cheap aluminium into the country. Mr. Okoh says the non-implementation of the right laws has made it possible for Chinese companies operating in Ghana to charge lower prices for goods they trade…
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Search for strategic investors in bauxite and aluminium industry begins
The Ghana Integrated Aluminium Development Corporation (GIADEC) has commenced processes towards the engagement of strategic investors for different aspects regarding the implementation of the entire bauxite to aluminium value chain. According to GIADEC, all private sector entities/ consortium interested in participating in the investor engagement rounds have up to the end of May 2019 to…