Ghana is set to enact new legislation to restrict the export of raw bauxite, as part of efforts to develop an integrated local aluminum industry.
Announced last week by Ghana’s Minister of Lands and Natural Resources Samuel Abu Jinapor, the initiative is designed to monetize the country’s estimated 900 million tons of bauxite reserves.
The Minister also shared upcoming plans to boost infrastructure investment, streamline service delivery within the sector and update legislative frameworks to promote good governance.
“These initiatives underscore our commitment to creating a conducive environment for exploration, investment and promoting the discovery of new mineral deposits,” stated Minister Jinapor. “By incentivizing exploration, we aim to unlock the full potential of Ghana’s mineral wealth, create employment opportunities and stimulate economic growth in the mining sector and beyond.”
The move aligns with the Ghanaian President Nana Akufo-Addo’s commitment to promoting in-country value addition, local content development and the long-term viability of Ghana’s mining industry.
