Ghana’s Parliament has overwhelmingly approved the mining lease that the government gave to GBC.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Ghana’s Parliament has unanimously ratified the government’s mining lease granted to the Ghana Bauxite Company for operations at Awaso in the Bibiani Anhwiaso Bekwai Municipality of the Western North Region.

This decision follows a detailed report presented by the joint Parliamentary Committee on Mines and Energy and Lands and Forestry on June 26, 2024.

The Awaso bauxite mine is a cornerstone of the government’s ambitious plan to develop an integrated aluminium industry, spearheaded by the Ghana Integrated Aluminium Development Corporation (GIADEC).