Making the revelation at the inauguration of new GIISDEC board members, Farouk Mahama underscored the need to boost efforts towards mining, processing and production of steel to spur Ghana’s industrialization drive. “In 2020 alone, Ghana’s importation bill of iron & steel and its articles stood at GH¢2.9 billion and industrialization in most developed countries have thrived on the back of the iron and steel industry,” the Board Chair revealed. “These resources when developed will be a major foreign currency earner for the country, enrich our steel industry, engender prosperity, leapfrog our economy and stimulate growth,” Mahama pointed. We will hit the ground running by embarking on Mineral Resource Estimation of Ghana’s iron ore deposit across the country,” Farouk Mahama said. He also assured that by the end of 2024, the board members of GIISDEC will ensure they put Ghana on the map through a developed iron and steel industry.
