Export of raw bauxite to be banned in Ghana – Akufo-Addo

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President Akufo-Addo has declared that his administration will soon present a Legislative Instrument to Parliament, aiming to restrict the export of raw bauxite as part of Ghana’s strategy to enhance industrialization.

During his penultimate State of the Nation Address (SONA) to the 8th Parliament on February 27, the President emphasized the implementation of the Ghana Integrated Aluminium Development Corporation’s (GIADEC) Four Project Agenda.

He stated that Projects 1 and 2 are already underway, with a recent agreement signed for Project 3.

“Mr. Speaker, to spur our industrialization, we are implementing the Four Project Agenda of the Ghana Integrated Aluminium Development Corporation (GIADEC), with Projects 1 and 2 have, already, taken off, and last month, we signed an agreement for the implementation of Project. We will lay before this august House, at this First Meeting of this Session of Parliament, a Legislative Instrument to prohibit the export of bauxite in its raw state.

He added that, “We are, also, in the concluding phase of discussions for the establishment of a four hundred and fifty million US dollar (US$450 million) refinery to refine the manganese we produce.”

President Akufo-Addo expressed the intention to submit the legislative measure during the First Meeting of the current Parliament session.

Additionally, he highlighted ongoing discussions toward establishing a $450 million refinery for the processing of locally produced manganese.

 

tigpost.co

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