The Ghana Integrated Aluminium Development Corporation (GIADEC) has introduced the new majority shareholder of the Ghana Bauxite Company (GBC), Ofori Poku Company Limited (OPCL), to the chiefs and people of Anhwiaso and Bekwai in the Western North region.
OPCL, a wholly owned Ghanaian company in March 2022 acquired 80 per cent shares in GBC, which was previously held by Chinese mining company, Bosai Minerals Group Limited with the remainder 20 per cent held by the Government of Ghana (GoG) following Bosai’s decision to pull out of operations and exit the country.
The government of Ghana’s interest in GBC is held by GIADEC.
At a courtesy call, first on the President of the Western-North Regional House of Chiefs and Sefwi Anhwiaso Traditional Council, Ogyeahoho Yaw Gyebi II, at his Palace in Sefwi Anhwiaso on November 9, 2022, the traditional leader, who doubles as President of the National House of Chiefs, commended GIADEC for ensuring a seamless transition from the old to the new managers of GBC which has led to the continuity of work without any break.
He was particularly thankful to the CEO of GIADEC, Mr. Michael Ansah for playing an instrumental role in ensuring that there were no job losses during the transitional phase, particularly for local workers.
Ogyeahoho Yaw Gyebi II commended OPCL for taking up the management of GBC and urged them to “turn a new leaf” in the operations of the company.
According to him, the communities have not enjoyed any meaningful benefits especially during the administration of Bosai Minerals Group Limited and thus expects OPCL to do things differently.
He made a passionate appeal to OPCL and GIADEC to offer employment opportunities to the teeming youth in the area and keep the traditional council updated on major developments.
Similarly, the delegation paid a courtesy call on the President of Sefwi Bekwai Traditional Council, Oyeadeyie Basape Kwadwo Armah II for a formal introduction of OPCL as the new majority shareholder in GBC.
The team was welcomed by the Acting President of the Traditional Council, Katakyie Kwasi Afful who reiterated the need for OPCL not to neglect the community but see it as one of its key stakeholders.
He pledged his support and that of his people to the operations of GBC under the new management of OPCL adding that the success of GBC will bring massive developments to the communities that has eluded them for years.
Chief Executive Officer of GIADEC, Mr. Michael Ansah, expressed his gratitude to the traditional leaders for their continuous support to the Integrated Aluminium Industry (IAI) vision and assured them that he remains committed to the overriding goal of value addition.
He noted that GIADEC is working with the government of Ghana and its new partner, OPCL, to stabilise the existing operations at Awaso.
The new outlook for GBC, in the short to medium term, according to Mr. Ansah, is to ramp up production from one million tonnes per annum to two million per annum.
Touching on the role of OPCL in executing Project 1, one of four projects under the IAI, Mr. Ansah emphasized that GIADEC is currently assessing the capacity of OPCL to execute Project 1 which involves the expansion of the existing Awaso mine and building of a refinery.
On his part, the Executive Chairman of OPCL, Mr. Ofori Poku, was grateful to the traditional leaders for their endorsement and show of support.
He assured them that GBC recognises the traditional leaders and people in the communities as development partners and his visit is to rekindle and further strengthen the relationship existing between them.
The delegation from GIADEC included its Deputy CEO, Akwasi Osei-Adjei, Executive Assistant to the CEO, Kojo Yankah, Communications Manager, Sheriff Appiah, External Affairs and Sustainability Manager, Ernest Appiah, and Joseph Chibae Adjaho, member of the Communications team.
The delegation was also joined by Senior Executive Members of Ofori Poku Company Limited (OPCL).