Jamaica, the Caribbean’s largest bauxite producer, is turning back to Africa 21 years after promising to help Ghana build an alumina refinery, as the two countries move to revive a decades-old bauxite and alumina trade relationship through a proposed $60 million deal.
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The world’s largest platinum producer, located in South Africa, Valterra Platinum, recently reported a surge in revenue for the first half of the year.
Ghana has approved a 5 billion cedi ($430 million) allocation to finance gold purchases as the country deepens its strategy of building bullion reserves to strengthen its foreign exchange position. However, the latest move also marks a significant shift in who bears the financial risk.
The Executive Board of the International Monetary Fund (IMF) completed its final review of Ghana’s three-year, $3 billion crisis support package on July 27, 2026, approving an immediate payout of $371 million.