• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, August 23, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

Parliament Unanimously Ratifies Mining Lease for Ghana Bauxite Company

June 27, 2024
Prince Agyapongby Prince Agyapong
in General News
0
Parliament Unanimously Ratifies Mining Lease for Ghana Bauxite Company

In a landmark decision, Parliament has unanimously ratified the mining lease granted by the Government to the Ghana Bauxite Company to mine bauxite in Awaso, located within the Bibiani Anhwiaso Bekwai Municipality of the Western North Region.

The approval followed the presentation of a detailed report by a joint Parliamentary Committee on Mines and Energy and Lands and Forestry. The report, presented by the Mines and Energy Committee Chairman, Hon. Samuel Atta Akyea, highlighted the constitutional requirement for parliamentary oversight in the management and utilization of the nation’s natural resources.

“The mining lease aligns with constitutional and legal frameworks and its ratification would yield significant benefits for the government and contribute to the socio-economic development of the region.”

Hon. Samuel Atta Akyea, Mines and Energy Committee Chairman

The committee expressed satisfaction with the financial and technical capabilities of the Ghana Bauxite Company, endorsing the lease for parliamentary ratification. The report also noted that the company’s experience and resources positioned it well to meet its obligations under the lease agreement.

RelatedPosts

COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence

NDC Risks Losing Youth Mobilisation Power

Cudjoe Dissects Ridge Hospital Crisis and Governance Failures

Members of Parliament commended the Minister for Lands and Natural Resources for ensuring that the lease was brought before the House for ratification. They acknowledged that previous administrations had often bypassed this constitutional provision since 1992.

The House also congratulated the minister and the government for securing a Ghanaian investor for this strategic mine, making it wholly Ghanaian-owned for the first time in its history.

Parliamentarians lauded the government’s initiative to incorporate plans for building a refinery into the agreement, which would add value to the bauxite mined. They expressed optimism that these measures would greatly benefit Ghanaians, fostering economic growth and creating job opportunities.

Minister’s Commitment to Indigenizing the Mining Industry

Hon. Samuel A. Jinapor, the Minister for Lands and Natural Resources
Hon. Samuel A. Jinapor, the Minister for Lands and Natural Resources

Hon. Samuel A. Jinapor, the Minister for Lands and Natural Resources, expressed gratitude to Parliament and the joint committee for their thorough work and unanimous support for the ratification. He reiterated the government’s commitment to indigenizing the mining industry, ensuring the full participation of Ghanaians across the entire value chain.

“The Awaso bauxite mine is crucial to the government’s policy of building an integrated aluminum industry in the country.”

Hon. Samuel A. Jinapor, the Minister for Lands and Natural Resources

The Ghana Integrated Aluminium Development Corporation (GIADEC), tasked with promoting and developing an integrated aluminum industry in Ghana, has identified the Awaso mine as one of its key projects. GIADEC is collaborating with strategic investors to expand the mine and establish a refinery to process the bauxite extracted from the area.

The expiration of the previous mining lease led to the granting of a new lease on May 3, 2024, covering the Kanayerebo, Subri, Nchiniso, Afumba, and Bokahirri Hills in Awaso.

Earlier this month, the Minister for Lands and Natural Resources laid the new lease before Parliament for ratification, in accordance with Article 268(1) of the 1992 Constitution. The Speaker referred it to the Joint Committee of Mines and Energy and Lands and Forestry for review.

With Parliament’s unanimous ratification of the mining lease, the Ghana Bauxite Company is poised to advance its operations, contributing to the country’s integrated aluminum industry and driving economic growth in the region. This decision marks a significant step towards enhancing the value addition of Ghana’s mineral resources and ensuring sustainable development.

READ ALSO: War Monitors Say Hamas Remains Effective In Battle For Rafah

Tags: Bauxite MininglegalMining Lease Agreement
Please login to join discussion
Previous Post

SSNIT’s Board Chair Defense of Hotels Sale Receives Criticism

Next Post

CSIR Sets Roadmap Towards Enhancing Agricultural Productivity Through Digitization

[mc4wp_form id="1264"]

Related Posts

Frederick Amissh, Technical Advisor to the Ministry of Finance
General News

COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence

August 23, 2025
Guinea Junta Suspends Key Opposition Parties
Africa

Guinea Junta Suspends Key Opposition Parties

August 23, 2025
South Korea’s President Visits Japan
Asia

South Korea’s President Visits Japan

August 23, 2025
Professor Godfred A. Bokpin, an Economist and Professor of Finance
News

Economist Demands Sweeping Reforms to Make Cocoa Sector More Attractive

August 23, 2025
Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
Extractives/Energy

Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 

August 23, 2025
NDC risks youth mobilisation
General News

NDC Risks Losing Youth Mobilisation Power

August 23, 2025
Frederick Amissh, Technical Advisor to the Ministry of Finance
General News

COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence

by Evans Junior OwuAugust 23, 2025
Guinea Junta Suspends Key Opposition Parties
Africa

Guinea Junta Suspends Key Opposition Parties

by Lawrence AnkutseAugust 23, 2025
South Korea’s President Visits Japan
Asia

South Korea’s President Visits Japan

by Comfort AmpomaaAugust 23, 2025
Professor Godfred A. Bokpin, an Economist and Professor of Finance
News

Economist Demands Sweeping Reforms to Make Cocoa Sector More Attractive

by Evans Junior OwuAugust 23, 2025
Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
Extractives/Energy

Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 

by Prince AgyapongAugust 23, 2025
NDC risks youth mobilisation
General News

NDC Risks Losing Youth Mobilisation Power

by Lilian AhedorAugust 23, 2025
Frederick Amissh, Technical Advisor to the Ministry of Finance
Guinea Junta Suspends Key Opposition Parties
South Korea’s President Visits Japan
Professor Godfred A. Bokpin, an Economist and Professor of Finance
Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
NDC risks youth mobilisation
[/vc_row_inner]

Recent News

  • COCOBOD must Adapt, not Disappear — Finance Ministry Advisor Defends COCOBOD’s Existence
  • Guinea Junta Suspends Key Opposition Parties
  • South Korea’s President Visits Japan
  • Economist Demands Sweeping Reforms to Make Cocoa Sector More Attractive
  • Ghana Pushes Mining Reforms as Minerals Commission Outlines Overhaul of Act 703 
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.