President Akufo-Addo has announced that his administration will soon present a Legislative Instrument before Parliament to prohibit the export of bauxite in its raw state.
The President said this forms part of the country’s effort to intensify its industrialization drive.
“Mr. Speaker, to spur our industrialisation, we are implementing the Four Project Agenda of the Ghana Integrated Aluminium Development Corporation (GIADEC), with Projects 1 and 2 having, already, taken off, and last month, we signed an agreement for the implementation of Project. We will lay before this august House, at this First Meeting of this Session of Parliament, a Legislative Instrument to prohibit the export of bauxite in its raw state,” President Akufo-Addo said while delivering his last but one State of the Nation Address (SONA) to the 8th Parliament on February 27.
He added that, “We are, also, in the concluding phase of discussions for the establishment of a four hundred and fifty million US dollar (US$450 million) refinery to refine the manganese we produce.”
Please read full speech below:
SONA: Akufo-Addo’s full speech