GIISDEC Wows Potential Investors In Accra

The Ghana Integrated Iron and Steel Development Corporation (GIISDEC) has today wowed some ten(10) investors from South Africa, Egypt, Morocco and other countries to invest in the iron and steel industry in producing metals, car batteries and others.

According to the Chief Executive Officer of the Corporation, Mr. Kwabena Bonsu Fordwor, GIISDEC’s vision and mandate are to lead the development of a sustainable integrated iron and Steel industry by mobilizing, informing and educating all local and foreign stakeholders while ensuring the right mix between Ghanaian and foreign participation and building the Ghanaian human capacity is still on course.

He’s of the firm conviction that more investors will invest in the Steel industry to create more jobs for the teeming Ghanaian youth.

According to him, unlocking the potential of the iron and steel sector for development in Ghana also means building a sector that thrives on transparency and community development and said GIISDEC was keen on ensuring that investor confidence will be boosted to generate more revenue for the country.

He further stated that some Steel reserves identified in the Oti region will soon be mined in commercial quantities to generate income for the country.

The overarching goal of GIISDEC is to leverage Ghana’s Iron Ore reserves and allied steel assets to drive Ghana’s industrialization. In pursuit of this goal, the corporation has adapted to accelerate the promotion and development of an iron and steel industry strategy in 2020.

Story by:Kwaku Stephen

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