The global aluminium industry is poised for remarkable growth and transformation in the coming decades. With applications ranging from aerospace and automotive to construction and packaging, aluminium is an indispensable material in modern society. Ghana, possessing the competitive advantage as a country with the second largest reserves of bauxite deposits in Africa, is positioned to take full advantage of the expected growth forecasted for the aluminium industry.
Port infrastructure is another key piece of infrastructure needed for the IAI. A new dry bulk terminal at the Takoradi Port in the Western Region was commissioned in December, 2022, as part of an aggressive strategy rollout by the Ghana Ports and Harbours Authority to boost the country's trade capacity.
The availability of a functioning railway system is at the heart of the Corporation's infrastructure needs, a 'sine qua non' to the success of the IAI. This is due to the high volumes of raw bauxite that will be transported from the existing and new mines to the refineries which will be built. According to GIADEC, a functional railway system is essential to avoid the transportation of raw bauxite and alumina by road.
Since it began operations in 2019, GIADEC has been delivering on its Master Plan to develop an IAI in Ghana. GIADEC holds and manages all of Government of Ghana 's current and future interest and investments in the IAI which includes the entire value chain in the production of aluminium. GIADEC currently holds GoG's100 per cent stake in VALCO and the 20 per cent minority stake in Ghana Bauxite Company Limited .
Recently, in January this year, President Akufo-Addo witnessed the signing and announcement of Mytilineos S.A, an industrial and energy multinational company, listed on the Athens Stock Exchange, as GIADEC's strategic partner that will develop portions of Nyinahin bauxite resources and build a refinery, known as Project 3A.