GHANA TO HAVE BAUXITE REFINERY IN NEXT 3YRS DR BAWUMIA

Government is putting in place the necessary legislation and infrastructure to establish a bauxite refinery in the next two to three years, the Vice President, Dr Mahamudu Bawumia, has disclosed.

 

Dr Bawumia said a bill seeking to set up a Bauxite Development Authority to facilitate the establishment of an Integrated Aluminium Industry would be submitted to Parliament early next year after broad consultations with the private sector which was expected to play a key role.

 

“Our goal is to have an aluminium refinery in Ghana in the next two to three, years, possibly by 2019. We are going to look at the power and other issues, but there is no reason why we should not be refining our gold or bauxite. There is a clear direction that the President has set, we will go with the Bill to Parliament early next year, and we will move on with the establishment of the refinery.

 

“We already have an aluminium smelter and we have the bauxite mine; we just need the middle thing, which is the refinery, and then we will see value addition to our minerals,” he said.

 

The Vice President was contributing to a panel discussion on the topic “The Private Sector and SDGs” at the High Level African Roundtable on Mobilizing Support and Accelerating the Implementation of the Sustainable Development Goals (SDGs) held in Accra on Tuesday.

 

 

According to Dr Bawumia, achieving the SDGs would benefit both the private sector, who would have a healthy, skilled work force, and Government which would have fulfilled its obligation to the citizenry to provide a safe, healthy and economically sound environment for growth.

 

 “If we achieve the SDGs, it would mean that the necessary investments have been made, and those investments present a huge opportunity for private sector participation in national development.”

 

The Vice President acknowledged government’s recognition of the crucial role to be played by the private sector in achieving the SDGs.

 

“The private sector is going to be very key because the type of resources we need to invest in achieving the SDG cannot be provided by the public sector alone; it is just not feasible. The public sector is going to be there as a partner, to make sure that the investment climate is therefore conducive for the private sector to participate,” he said.

 

Source: ISD (Rex Yeboah Mainoo)