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Ghana: China to Invest $1.2 Billion in Bauxite Industry

Stephen Odoi-Larbi

Ghana’s Bauxite and aluminum industries have received a major boost, with the signing of a Memorandum of Understanding (MoU) with a Chinese Firm, Bosai Minerals Group, to invest $1.2 billion into the sector, by establishing a modern alumina refinery plant in Ghana.

The investment is part of a four-year development plan to massively upgrade the production capacity of the Ghana Bauxite Company Limited in Awaso, in the Western Region, in which Bosai Minerals recently acquired 80 per cent shares, with the government controlling the remaining 20 per cent.

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