Following reports that the government intends to hand over the Nyinahin Bauxite Concessions to Ibrahim Mahama, the brother of the President, the Ghana Integrated Aluminium Development Corporation (GIADEC) has firmly dismissed such claims circulating in the public space.
GIADEC says the reports are false and misleading, and hence, the general public is urged to disregard the said claims.
In a public statement issued to counter the circulating news, GIADEC said it had taken note of publications alleging that bauxite concessions in Nyinahin were earmarked for a private individual.
The corporation emphasized that no such plan exists and urged the public to disregard the claims entirely.
“The Ghana Integrated Aluminium Development Corporation (GIADEC) has taken note of a publication claiming that the Government of Ghana intends to grant bauxite concessions in Nyinahin to Mr. Ibrahim Mahama,” the statement acknowledged.
It therefore emphatically stated that, “GIADEC unequivocally refutes this allegation and states for the avoidance of doubt that no such plan exists.”
According to GIADEC, Ghana’s bauxite resources remain a national asset, and the current framework governing the sector does not allow for arbitrary allocation of concessions to individuals.
The corporation explained that under the policy direction of former President John Dramani Mahama, approval was granted for GIADEC to hold leases over all known bauxite reserves in the country. This, it said, was deliberately done to ensure Ghana benefits fully from its natural resources.
In providing further clarity, the corporation revealed that in June 2025, it secured six mining leases over bauxite concessions, including those at Nyinahin.
These leases, GIADEC said, are currently before Parliament for ratification, following due process and existing legal requirements.
Moreover, GIADEC also sought to calm public concerns by stating that under the new government’s policy, all bauxite concessions will continue to remain with GIADEC. It added that steps already taken to protect this arrangement will remain in force even after the President’s tenure.
“GIADEC wishes to emphasize that, under the new policy of the government, bauxite concessions shall remain with GIADEC as the leaseholder and efforts are underway to ensure this remains the case even after the President’s tenure ends,” it noted.
The corporation, therefore, stresses that any publication suggesting plans to grant bauxite concessions to any individual is false and should be treated as such.
It will be recalled that the concession in question was handed to Ibrahim Mahama and Exton Cubic during the first tenure of President Mahama. However, the next administration under the Akufo-Addo-Bawumia government cancelled the deal in 2017, reverting the concession back to the state.
