GIADEC to regulate downstream aluminium sector

The Ghana Integrated Aluminium Development Corporation (GIADEC) is working on new regulations. This agency operates under the Ministry of Lands and Natural Resources. Mr. Reindorf Twumasi Ankrah leads GIADEC, with support from Minister Emmanuel Armah-Kofi Buah.

These regulations aim to oversee the downstream aluminium sector. This sector includes activities like aluminium scrap dealing, casting, and fabrication. It also covers forming aluminium into sheets, foils, rods, and other shapes.

Regulation is necessary due to rising theft of cables and aluminium products in Ghana. Recently, a multi-million-dollar cartel targeting the Electricity Company of Ghana was exposed. This situation reveals vulnerabilities in the country’s industrial landscape.

Such illegal activities cause significant economic losses for businesses and state entities. They also disrupt essential infrastructure and threaten public safety. Stolen materials often end up in unregulated aluminium smelters, highlighting the need for oversight.

GIADEC's initiative to create a legal framework is crucial for national security. It also supports economic stability and sustainable development.

GIADEC plans a multi-pronged approach to address these issues. This includes identifying, registering, and certifying all downstream players. A mandatory certificate of origin will be required for aluminium exports and imports. These steps will help establish a strong framework to combat the current crisis.