The newly appointed Acting CEO of the Ghana Integrated Aluminium Development Corporation (GIADEC), Reindorf Twumasi Ankrah, has expressed optimism about the potential of Ghana’s Integrated Aluminium Industry (IAI) to become a major contributor to the nation’s economy.
Speaking at a staff durbar to formally welcome him, Mr. Ankrah emphasized his commitment to continuing the work started by his predecessor, Michael Ansah.
He noted that the Integrated Aluminium Industry is a strategic national project, and if fully developed, could contribute more than $2 billion to the economy. Mr. Ankrah stressed that his immediate focus will be on developing every aspect of the aluminium value chain to harness this opportunity fully.
“The integrated aluminium industry is a strategic national project and, if fully developed, can contribute in excess of $2 billion to the economy. This is something that deserves the attention of any government,” he said. “My goal is to ensure that every aspect of the aluminium value chain is developed.”
Mr. Ankrah further highlighted President Mahama’s vision to industrialize the economy and create jobs for Ghanaians by leveraging the country’s natural resources. He added that there will be a focused effort on ensuring that host communities benefit from the mines and refineries associated with the industry.
“We will work to strengthen the relationship we have established between GIADEC, the Chiefs, and the local communities. This is a crucial part of our goal to ensure that our revered Chiefs and the people in these communities ultimately become the biggest beneficiaries of a functioning Integrated Aluminium Industry,” he assured.
On his part, the outgoing CEO, Mr. Ansah, expressed gratitude to the staff for their support in advancing the development of the Integrated Aluminium Industry during his tenure. He expressed confidence in Mr. Ankrah’s ability to succeed in the role.
“We have laid a solid foundation towards developing an Integrated Aluminium Industry, and with the support of every member of staff, we are proud of the work done and the significant milestones achieved, including the selection of strategic partners for the IAI projects,” he said.
Mr. Ansah urged GIADEC staff to support Mr. Ankrah and assist him in realizing the mission of developing and promoting an Integrated Aluminium Industry in Ghana.
Background
GIADEC was established under the Ghana Integrated Aluminium Development Corporation Act, 2018 (Act 976), to develop and promote a globally competitive Integrated Aluminium Industry (IAI) in Ghana.
Ghana currently has an operational bauxite mine in Awaso and an aluminium smelter, the VALCO smelter in Tema. What is missing to ensure a full integration of Ghana’s aluminium industry is an alumina refinery.
Mr. Twumasi Ankrah is expected to bring his wealth of experience and dynamism to bear by offering strong leadership, providing clear direction, and build upon the foundation established by his predecessor in advancing the development of a fully operational Integrated Aluminium Industry.
Reindorf Twumasi Ankrah is a distinguished lawyer with extensive experience. His expertise spans multiple legal domains, including the extractive industry, real estate, medical negligence, corporate and commercial law, dispute resolution, family law, and criminal defence.
Mr. Ankrah holds an LLM in Energy Law, an LLB, and a Bachelor’s degree in Political Science with Sociology, all from the University of Ghana.
He is currently a partner at Morrison, Twumasi & Partners, where he leads the firm’s dispute resolution and litigation division.
Over the years, he has provided legal advisory services on investment analysis, energy and mining policies, compliance, and legal risk management.
He has also played a crucial role in assisting clients with project financing, debt restructuring, and obtaining regulatory approvals.
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