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Business News of Wednesday, 24 March 2021

    

Source: classfmonline.com

Government will support GIADEC to achieve Akufo-Addo’s vision – Jinapor

Minister for Lands and Natural Resources, Samuel Abu Jinapor Minister for Lands and Natural Resources, Samuel Abu Jinapor

Minister for Lands and Natural Resources,Samuel A Jinapor, has said government is determined to support the Ghana Integrated Aluminium Development Corporation (GIADEC) to realise the vision of the President.

The Minister was speaking during a working visit to the head office of the Ghana Integrated Aluminium Development Corporation (GIADEC) on Tuesday, 23 March 2021.

“The President’s vision is to develop an integrated aluminium industry in Ghana by establishing an alumina refinery for our bauxite, and streamlining the whole value chain,” Mr. Jinapor stated.

He noted that his Ministry will work closely with GIADEC to drive the government’s Industrial transformation agenda.

Mr Jinapor tasked GIADEC to help to set up an Inter-Ministerial Steering Committee comprising the relevant ministries to ensure that the vision and objectives for an integrated aluminium industry are achieved.

On his part, the Chief Executive Officer (CEO) of GIADEC, Michael Ansah, who welcomed the sector Minister and his team, disclosed that GIADEC is actively working on selecting strategic investors as partners for the development of the bauxite mines, alumina refining and smelting, as well as other downstream industries.

He also emphasised how GIADEC will execute its operations within the framework of international environmental best practice.

The deputy CEO of GIADEC, Akwasi Osei Agyei, thanked the Minister and his team for the visit.

He indicated that, they had had a fruitful meeting.

The Minister was accompanied by the Member of Parliament(MP) for Atwima Nwabiagya North,Mr Benito Owusu Bio, the Chief Director of the Ministry, Prof Patrick Agbesinyale and other Directors.

Industry analysts say a fully integrated aluminium industry in Ghana would boost the country’s economy, create jobs and transform the communities in which GIADEC will operate.

GIADEC is a wholly Ghanaian owned entity with a mission to be the leading Integrated Aluminium Company in Africa, creating sustainable value for our stakeholders and differentiated by cost effective and safe environmentally sound operations.