GIADEC Denies Claims of Planned Bauxite Concessions to Ibrahim Mahama
The Ghana Integrated Aluminium Development Corporation (GIADEC) has denied reports suggesting that the government intends to award bauxite concessions in Nyinahin to businessman Ibrahim Mahama, describing such claims as false.
In a statement issued on Monday, GIADEC stressed that “no such plan exists,” adding that the corporation “unequivocally refutes this allegation and states for the avoidance of doubt that no such plan exists.”
The statement outlined that, under the vision of President John Dramani Mahama to fully harness Ghana’s natural resources, executive approval was granted for GIADEC to hold leases over all known bauxite reserves in the country. According to the Corporation, this approach is designed to provide GIADEC “a strong footing to carry out its mandate and to attract the right investments and partnerships for the sector.”
GIADEC further disclosed that it obtained six mining leases over bauxite concessions, including those at Nyinahin, in June 2025, which are currently before Parliament for ratification.
Under the government’s policy framework, bauxite concessions will remain under GIADEC’s control. “Bauxite concessions shall remain with GIADEC as the leaseholder, and efforts are under way to ensure that this remains the case even long after the President’s tenure ends,” the statement said.
The Corporation cautioned the public against misinformation, emphasizing that “any publication suggesting that the Government plans to grant bauxite concessions to any individual is false and should be treated as such.”
Read Details of Statement Below:
