Ghana Integrated Aluminium Development Corporation (GIADEC) was established by an Act of Parliament, the Ghana Integrated Aluminium Development Corporation Act, 2018 (Act 976) – to develop and promote a globally competitive Integrated Aluminium Industry (IAI) in Ghana.
Empowered by its object under the Act 976, GIADEC will hold and manage all of Government of Ghana (GoG)’s current and future interest and investments in the IAI which includes the entire value chain in the production of aluminium. GIADEC currently has GoG’s entire shares in two (2) existing companies – Volta Aluminium Company Limited (VALCO) and Ghana Bauxite Company Limited (GBC).
GIADEC is seeking to partner with strategic investors including local participation across the entire bauxite and aluminium value chain – mining, refinery, smelter, and downstream industries. GIADEC, together with a Ghanaian private partner shall hold not less than 30% stake in any new IAI venture involving a mine, refinery, or smelter.