Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Covid-19 outbreak has hampered the progress of bauxite-for-infrastructure deal between Ghana and the China-based company Sinohydro, according to local media quoting Ghana’s minister of roads and highways, Kwasi Amoako-Atta.

 

Under this project, China was to invest $2.5bn for infrastructure projects in Ghana in exchange for bauxite. But so far, only four projects of the planned ten have commenced. Officials from China have not been able to meet authorities from Ghana due to the clampdown following the deadly virus pandemic.

 

Ghana’s Atewa Forest Reserve in the eastern region is known for bauxite reserves. Ghana’s government has allocated 5pc of these reserves to Chinese companies.

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