Ghana has taken a major step toward industrialisation as the Ghana Integrated Aluminium Development Corporation (GIADEC) signed a €300 million Memorandum of Understanding (MoU) with Italian engineering giant Danieli to establish a modern aluminium foil plant.
The agreement, signed on Wednesday, June 17, 2026, at the residence of the Italian Ambassador to Ghana, forms part of the government’s plan to build a fully integrated aluminium industry and create value from the country’s bauxite resources.
Under the deal, Danieli will invest in a state-of-the-art Aluminium Foil Rolling Plant at the Tema Integrated Industrial Park.
The facility is expected to produce between 40,000 and 45,000 tonnes of high-quality aluminium foil annually for packaging, pharmaceuticals, food service, and industrial use.
In addition, the project includes the establishment of a Centre of Excellence for training, innovation, and technology transfer, which is expected to serve as a regional hub for skills development in advanced aluminium processing.
Speaking at the signing ceremony, Mr. Danilo Dreolini of the Danieli Group described the project as a significant opportunity for Ghana to move beyond raw material exports into high-value manufacturing.
The CEO of GIADEC, Reindorf Twumasi Ankrah, welcomed the partnership, saying it marks a strategic shift in Ghana’s aluminium sector.
“GIADEC will continue to partner with credible global firms to position Ghana as an emerging hub for advanced aluminium manufacturing in West Africa,” he stated.
The project will be located within the Tema Heavy Industrial Zone, developed in collaboration with ARISE Integrated Industrial Platforms and the Tema Development Corporation.
Its proximity to VALCO and the Tema Port is expected to give it strong logistical advantages for export-orientated production.
The investment is projected to create direct and indirect jobs, stimulate upstream and downstream industries, enhance skills development, and increase Ghana’s foreign exchange earnings through value-added exports.
The signing was witnessed by officials from GIADEC, the Danieli Group, the Italian Embassy, and the Ministry of Lands and Natural Resources.
This partnership is being hailed as another concrete step under President John Dramani Mahama’s administration toward transforming Ghana into a competitive industrial economy.
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