Speaking at the commissioning of the B5 Plus LTD Steel Manufacturing Plant, onFriday, February 20, 2026, he said the facility will strengthen Ghana’s domestic steel production capacity. “If we reduce steel imports by even 20 to 30 percent annually, the foreign exchange savings alone could amount to hundreds of millions of dollars. “Steel consumption is a strong indicator of industrial development. Across emerging economies, per capita steel consumption rises in tandem with infrastructural development, urbanisation, and industrial expansion", he added. The commissioning of the plant is expected to advance Ghana’s industrialisation agenda by creating jobs, supporting infrastructure development, and reducing dependence on imported steel.
