Ghana’s Integrated Aluminium Project will be expected to generate more than 2.3mn jobs and inject close to US$8bn in the sector giving a boost to the country’s economy
As part of the Integrated Aluminium Project, an aluminium refinery will be constructed to refine the rich bauxite deposit at Nyinahin into alumina. The metal will then be processed into aluminium by VALCO, and sold to the several downstream industries as aluminium ingot and billet.
The government has already begun the process of identifying suitable investors to lead the project.
Companies like Aluworks, Western Rod, Tema Steel, packaging companies and the numerous aluminium accessories manufacturing industries have expressed interest in the project.
According to a report on the Business Standard, aluminium production will be highly dependent on electricity and thus there could arise a need to use hydro-sourced power to support aluminium smelters.
The decision to dedicate hydro power for alumimuim smelting has been identified by the Ghana government as not only crucial to reduce the cost of generation but also important if Ghana was to remain committed to creating more jobs and reducing the number of unemployed youth.