The dam was conceived in 1915 by geologist
Albert Kitson, but no plans were drawn until the 1940s. The development of the
Volta River Basin was proposed in 1949, but because funds were insufficient, the American company
Volta Aluminum Company (Valco) lent money to Ghana so that the dam could be constructed. President
Kwame Nkrumah adopted the Volta River hydropower project and commissioned Australian architect Kenneth Scott to design a residence for him overlooking the dam. The dam is long and high, comprising a high rock-fill
embankment dam. It has a base width of and a structural volume of . The reservoir created by the dam,
Lake Volta, has a capacity of and a surface area of . The lake is long. Maximum lake level is and minimum is . On the east side of the dam are two adjacent
spillways that can discharge about of water. Each spillway contains six -wide and -tall steel
floodgates. The dam's power plant contains six
Francis turbines. Each turbine is supplied with water via a long and diameter
penstock with a maximum of of
hydraulic head afforded. The final proposal outlined the building of an
aluminum smelter at
Tema, a dam constructed at Akosombo to power the smelter, and a network of power lines installed through southern Ghana. The aluminum smelter was expected to eventually provide the revenue necessary for establishing local
bauxite mining and refining, which would allow aluminum production without importing foreign alumina. The development of the aluminum industry within Ghana was dependent upon the proposed hydroelectric power. The proposed project's aluminum smelter was overseen by the American company
Kaiser Aluminum and is operated by Valco. The smelter received its financial investment from Valco shareholders, with the support of the
Export-Import Bank of the United States. However, Valco did not invest without first requiring assurances from Ghana's government, such as company exemptions from taxes on trade and discounted purchases of electricity. The estimated total cost of the project was $258 million. == Construction ==