Business News of Wednesday, 22 March 2017

Source: classfmonline.com

Akufo-Addo: We’ll establish bauxite-aluminium devt authority in 3 months

President Nana Addo Dankwa Akufo-Addo play videoPresident Nana Addo Dankwa Akufo-Addo

Government will set up an integrated bauxite-aluminium development authority in the next three months with the mandate to mobilise the relevant resources to enable the country have an integrated aluminium industry.

President Nana Addo Dankwa Akufo-Addo disclosed this at the ongoing 2017 Africa CEO Forum being held in Geneva, Switzerland.

“Our country has enormous natural resources – bauxite, iron ore – [but] they remain untapped and underdeveloped. We’ve taken the decision that come what may, we are going to bring those resources into play.

An integrated bauxite-aluminium development authority is going to be established in the next three months in Ghana, which is going to have the task of mobilising the relevant resources to be able to now have an integrated aluminium industry in Ghana right from the exploration of the raw bauxite up to the creation of the aluminium product,” he said on Tuesday when he took his turn on the presidential panel at the forum.