Business News of Thursday, 25 December 2025Source: www.ghanaweb.comThe Ghana Integrated Aluminium Development Corporation (GIADEC) has dismissed reports suggesting that the government plans to grant bauxite concessions in Nyinahin to businessman Ibrahim Mahama, describing the claims as false and misleading. “GIADEC unequivocally refutes this allegation and states, for the avoidance of doubt, that no such plan exists. GIADEC needs $4 billion for expansion of aluminium value chain for industrial developmentAccording to the corporation, no individual or private entity has been earmarked to receive the Nyinahin bauxite concessions. GIADEC further explained that the Nyinahin leases, along with other bauxite leases, are currently before Parliament for ratification in line with constitutional requirements. The corporation urged the public to disregard the reports, stressing that they do not reflect government policy or GIADEC’s mandate.

Source: GhanaWeb December 25, 2025 16:53 UTC