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Private sector involvement is key in developing an integrated iron and steel industry

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General News of Thursday, 9 September 2021

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Source:

2021-09-09

Samuel Abu Jinapor

The Hon. Minister for Lands and Natural Resources, Samuel A. Jinapor, has urged the Board and Management of Ghana Integrated Iron and Steel Development Corporation (GIISDEC), to consider Private Sector Participation in the iron and steel industry to develop the full value chain of the industry in the country.

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Hon. Jinapor indicated that Government alone cannot shoulder all the expenses required to develop the industry and thus the urgent need to involve private sector players to realise the dream of getting Ghana’s Iron and Steel industry to be fully integrated.

The Minister said this during a meeting with the board chair and top Management of GIISDEC today, 9th September, 2021, as part of his working visit to the Corporation to, among others, familiarise himself with the operations of the Corporation.

He stressed the importance of the iron and steel industry to the industrialization agenda of the government and urged the Management to pursue policies to accelerate the development of the industry.

On his part, the Board Chairman of GIISDEC, Hon. Umar-Farouk Aliu-Mahama said the Board is prepared to provide the Management with all the needed support to deliver on the mandate of the Corporation. He craved the support of the Minister in implementing innovative policies to build an integrated iron and steel industry.

The Chief Executive Officer of the Corporation, Mr. Kwabena Bonsu Fordwor, expressed his appreciation to the Hon. Minister for his visit and called for continuous support from the sector Minister to enable the Corporation to achieve its priority project including mineral resources estimation which will enable the Corporation to determine the geological grade and value of the iron ore.

The Ghana Integrated Iron and Steel Development Corporation (GIISDEC)was Established by an Act of parliament in March, 2019 to develop and promote an Integrated Iron and Steel Industry.

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