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22.03.2017 Business & Finance

Gov’t to set up Bauxite-Aluminum Authority – Nana Addo

By CitiFMonline
Gov’t to set up Bauxite-Aluminum Authority – Nana Addo
LISTEN MAR 22, 2017

President Akufo-Addo has announced that government will set up an integrated bauxite-aluminum development authority in the next three months.

According to him, the authority will help create a strong aluminum industry, and ensure that relevant resources are gathered to check its exploitation.

Speaking at the 5th Africa CEO Forum held in Geneva, Switzerland, on Tuesday, March 22, 2017, Akufo-Addo said, his government is committed to harnessing the country's natural resources to promote economic growth.

“Our country has enormous natural resources; bauxite, iron ore. They remain untapped and underdeveloped. We've taken the decision that come what may, we are going to bring those resources to play. An integrated bauxite-aluminum development authority is going to be established in the next three months in Ghana which is going to have a task of mobilizing the relevant resources to be able now to have an integrated aluminum industry in Ghana right from the exploitation of the raw bauxite up to the production of the aluminum products,” Akufo-Addo said.

He reiterated his government's resolve to be self-reliant and build local capacity to generate prosperity.

“We want to build economies that are self-reliant, have the capacity to compete and generate prosperity for our people…The attitude of the government is to begin to take Ghana beyond aid.”

“We are required to have our own programme, our own analysis of how we can get out from poverty to prosperity.  I am exceptionally optimistic about the future of Ghana because the resources are there,” he added.

By: Jonas Nyabor/
Follow @jnyabor

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