The government has announced plans to establish a 24-hour critical minerals processing enclave in the Western Region as part of efforts to boost local value addition and reduce the export of raw minerals.
Finance Minister Dr Cassiel Ato Forson said the facility will support the local processing of minerals, including manganese, bauxite, lithium and gold.
He said the initiative forms part of a US$1.5 billion investment under Pillar 4 of the 2027 budget, aimed at building an industrial mineral economy and creating skilled employment opportunities.
“Mr Speaker, we will build a 24-hour critical-minerals processing enclave in the Western Region,” he told Parliament on Thursday, November 12, in the 2027 budget statement reading.
The initiative will be supported by a proposed railway line from Takoradi to Nyinahin, beginning in 2027, to transport manganese and bauxite to the processing enclave, the Minister said.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Source link
