Ibrahim Mahama is a Ghanaian businessman and entrepreneur
The Ghana Integrated Aluminium Development Corporation (GIADEC) has dismissed reports suggesting that the government plans to grant bauxite concessions in Nyinahin to businessman Ibrahim Mahama, describing the claims as false and misleading.
In a statement sighted by GhanaWeb Business on December 25, 2025, GIADEC clarified that all bauxite concessions in the country remain under its leasehold as part of a broader national strategy aimed at ensuring Ghana derives maximum value from its mineral resources.
“GIADEC unequivocally refutes this allegation and states, for the avoidance of doubt, that no such plan exists. Under the vision of His Excellency President John Dramani Mahama to reposition Ghana to fully benefit from its natural resources, approval was given for GIADEC to hold leases over all known bauxite reserves in the country. This was done to give GIADEC a strong footing to carry out its mandate and to attract the right investments and partnerships for the sector,” the statement said.
GIADEC needs $4 billion for expansion of aluminium value chain for industrial development
According to the corporation, no individual or private entity has been earmarked to receive the Nyinahin bauxite concessions.
GIADEC further explained that the Nyinahin leases, along with other bauxite leases, are currently before Parliament for ratification in line with constitutional requirements.
The corporation urged the public to disregard the reports, stressing that they do not reflect government policy or GIADEC’s mandate.
It also reaffirmed its commitment to transparency and to the development of Ghana’s integrated aluminium industry in the national interest.
SP/MA
All you need to know about Ghana’s new vehicle number plates | BizTech
