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Bill for Ghana Integrated Aluminium and Bauxite Development Authority ready soon

Metal News - Published on Thu, 07 Dec 2017

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Ghana Business News reported that Ghana government is drafting a bill to be presented to Parliament for the establishment of the Ghana Integrated Aluminium and Bauxite Development Authority. The move reflects President Mr Nana Addo Dankwa Akufo-Addo’s commitment to establishing an Integrated Aluminium Industry to serve Ghana and Africa, Vice President of the Republic, Alhaji Dr Mahamudu Bawumia, has stated.

The Authority, Dr Bawumia said that would play the important role of promoting responsible mining, and regulating the development of the industry.

Dr Bawumia added that “The Authority will be responsible for the development of the necessary infrastructure, including rail, roads and energy, industrial parks, and associated social infrastructure to support related businesses in the sector and the industry as a whole.”

The Vice President was addressing the Regional Forum on the extractive industry in Ghana, co-sponsored by the Government and the Uongozi Institute, which is under the Office of the President of Tanzania.

The three-day Forum is under the theme “Enhancing Value Addition in the Extractive Sector in Africa: Why is It Important and How Can it be achieved,” and brings together participants and experts from across Africa, Asia, Europe and America.

Explaining the Government’s decision to convene the forum, Vice President Bawumia said President Akufo-Addo was “committed to moving our extractive sector beyond the old paradigm as part of the vision to move Ghana beyond aid.”

The building of the integrated aluminum industry, he emphasised, was part of the Government’s strategy to encourage the private sector to create and capture more value from our resources.

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Posted By : Rabi Wangkhem on Thu, 07 Dec 2017
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