The Ghana Integrated Aluminium Development Corporation (GIADEC) has rejected assertions that the government intends to grant bauxite concessions in Nyinahin to businessman Ibrahim Mahama, labeling the reports as inaccurate and misleading.
In an official statement, GIADEC acknowledged a publication claiming that the Government of Ghana plans to award bauxite concessions to Mr. Mahama, emphasising that “no such plan exists”.
“GIADEC categorically denies this claim and clarifies for the sake of clarity that no such plan exists,” the statement indicated.
GIADEC elaborated that under the vision of President John Dramani Mahama to reposition Ghana to fully capitalise on its natural resources, executive approval was granted for the corporation to hold leases over all known bauxite reserves in the nation.
The corporation stated that this decision was aimed at providing GIADEC with a solid foundation to fulfill its mandate and attract appropriate investments and partnerships within the sector.
The statement also revealed that in June 2025, GIADEC secured six mining leases encompassing bauxite concessions, including those at Nyinahin, in accordance with the executive approval.
These leases, the corporation noted, are presently awaiting ratification by Parliament.
GIADEC stressed that under the current government policy, all bauxite concessions will remain with GIADEC as the leaseholder, adding that measures are being implemented to ensure this arrangement persists even beyond the current administration’s term.
“Any publication suggesting that the Government intends to grant bauxite concessions to any individual is false and should be regarded as such,” the statement concluded.
The release was signed by Priscilla Hemans, Public Affairs and Communications Manager of GIADEC, on behalf of management.
