Government is in the process of drafting a bill to be presented to Parliament for the establishment of the Ghana Integrated Aluminium and Bauxite Development Authority.
The Authority will play the important role of promoting responsible mining, and regulating the development of the industry.
The Authority will be responsible for the development of the necessary infrastructure, including rail, roads and energy, industrial parks, and associated social infrastructure to support related businesses in the sector and the industry as a whole.
The vice president Dr Mahamudu Bawumia disclosed this at the ongoing regional forum on the extractive industry in Ghana, co-sponsored by the government of Ghana and the Uongozi Institute, which is under the office of the President of Tanzania.
The three-day forum is under the theme “Enhancing Value Addition in the Extractive Sector in Africa: Why is It Important and How Can it be achieved,” and brings together participants and experts from across Africa, Asia, Europe and America.
Explaining government’s decision to convene the forum, vice president Bawumia said President Akufo-Addo was “committed to moving our extractive sector beyond the old paradigm as part of the vision to move Ghana beyond aid.”
The building of the integrated aluminum industry, he emphasised, is part of the government strategy to encourage the private sector to create and capture more value from our resources.
“As we deliberated on this paradigm shift and trying to make a break from the past, in drafting this new bill we thought it was very very important to get the best minds across the continent and in the world to discuss the whole issue of value addition. One of the rationales for us as the presidency collaborating with the UONGOZI Institute on this was to bring the best minds together. You are the experts here, you are the thinkers, so we brought you here to basically deliberate quite rigorously on the best way forward.
“We don't have all the answers. We want to learn from best practice and the experiences of other countries and thinkers in this area. We have very high expectations so that we can make good decisions at the end of the day," he added.
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