Ghana Is On Verge Of Economic Breakthrough- Akufo-Addo
President Nana Addo Dankwa has promised Ghanaians better days ahead as he foresees what he calls an economic breakthrough after the recent economic downturn.
According to him, some initiatives put in place by the government will steer off the waves and bring relief to businesses and Ghanaians in general.
These initiatives include the Ghana Integrated Aluminium Development Corporation (GIADEC) collaboration to build an alumina refinery and develop mines at Nyinahin-Mpasaaso and the controversial Ada Songhor Salt project.
“I have witnessed the signing of two (2) separate agreements in Accra recently, firstly, between GIADEC, a wholly-owned public entity, and Rocksure International, a wholly-owned private Ghanaian company, selected, after a rigorous process, as a strategic partner to develop a mine at Nyinahin-Mpassaso; and, secondly, between GIADEC and Mytilineos SA, a leading global industrial and energy company, which entails the development of a second mine at Nyinahin-Mpasaaso, and the establishment of a refinery.
“We are finally coming to the end of decades of exporting raw bauxite from the country. We shall now refine bauxite, mined in Ghana, to produce alumina that will feed the VALCO smelter and the downstream aluminium industry, which is going to have a dramatic impact on Ghanaian industrialisation, when we produce parts for motor vehicles, air crafts, roofing sheets and home utensils.”
On the Ada Songhor Salt project by the Electrochem Salt Mine Ltd, he anticipates Ghana will soon take the position as the biggest salt producer on the continent.
“After many years of disputes, which prevented the exploitation of salt at the site, work has finally started and salt will be mined on a large commercial scale. With its initial ability to produce some six hundred and fifty thousand metric tons (650,000 MT) of salt per annum, and expanding its productive capacity to one million metric tonnes this year, and to two million metric tonnes by 2027, at ninety-nine-point-nine-nine-percent (99.99%) purity, the Electrochem Salt Mine will be the biggest salt producing facility in Africa.”
With these projects, President Akufo-Addo averred, that Ghana is on the “verge of a breakthrough” in our economic prospects.
He was speaking at the 67th Independence Day Celebration in Koforidua in the Eastern Region on March 6, 2024.
