The Ghana Integrated Aluminium Development Corporation (GIADEC) has signed a Memorandum of Understanding (MOU) with DANIELI & C. OFFICINE MECCANICHE S.P.A., a leading Italian engin
The report indicates that the Ghana Integrated Aluminium Development Corporation (GIADEC) has signed a Memorandum of Understanding (MOU) with DANIELI & C. OFFICINE MECCANICHE S.P.A., a leading Italian engineering and manufacturing firm.
It further notes that the agreement marks a significant milestone in Ghana’s industrial transformation agenda under the leadership of President John Dramani Mahama.
The signing ceremony, held at the residence of the Italian Ambassador to Ghana, underscores the government’s commitment to establishing an integrated industrial park within the Tema Heavy Industrial Zone.
Under the terms of the MoU, Danieli has expressed its intention to invest approximately €300 million in downstream aluminum infrastructure. The investment will comprise:
Speaking at the ceremony, Danilo Dreolini, of the Danieli Group, described the project as a critical opportunity for Ghana to convert its natural resources into high-value manufactured exports. He reaffirmed Danieli’s commitment to expanding its contribution to Ghana’s industrial growth.
The Italian Ambassador to Ghana, Laura Ranalli, assured her office’s full support, noting that the MoU reflects strengthening industrial cooperation between Ghana and Italy.
Chief Executive Officer of GIADEC, Reindorf Twumasi Ankrah, stated that the agreement signals a strategic shift toward building a fully integrated aluminum value chain in Ghana.
“GIADEC will continue to partner with credible global firms to position Ghana as an emerging hub for advanced aluminum manufacturing in West Africa,” he added.
The proposed aluminum foil plant will be sited within the Integrated Industrial Park in the Tema Heavy Industrial Zone. The park is being developed by ARISE Integrated Industrial Platforms (ARISE IIP) in partnership with GIADEC and Tema Development Corporation (TDC) Ltd.
The location offers strategic advantages, including proximity to VALCO’s smelting capacity, Tema Port, and established industrial infrastructure, enabling efficient export-oriented manufacturing.
The GIADEC-Danieli partnership is projected to deliver, among others, the following outcomes:
• Value Addition: Accelerate Ghana’s transition from raw bauxite exports to integrated aluminum production and domestic value retention.
The project is also expected to enhance Ghana’s export competitiveness and foreign exchange earnings, with aluminum foil and processed products targeted at international markets.
Over the long term, the integration of infrastructure, technology, and investment under a structured industrial park model is expected to strengthen Ghana’s broader industrialisation agenda and boost investor confidence in the manufacturing sector.
