The Board Chairman for the Ghana Integrated Iron and Steel Development Corporation (GIISDEC) will leave the shores of Ghana this week to lure American investors to channel their resources into the country’s multibillion iron ore and steel sector.
More than 1.7 billion tonnes of iron ore deposits has been discovered at Sheini in the Tatali/Sanguli district of the northern region.
The Board Chairman, Alhaji Farouk Aliu Mahama in an exclusive interview told THE CUSTODIAN some investors from Dubai in the United Arab Emirates (UAE) will soon be in the country to start mining around the Akpafu area in the Oti region and create employment for the people in the area.
He noted these are avenues undertaken by the Akufo-Addo/Bawumia administration to create job opportunities for the teeming unemployed youth of the country.
The Yendi Member of Parliament emphasized the government is taking every opportunity to create jobs in spite of the numerous investment in the nation’s infrastructure and education.
“Today, we’re looking at how we can bring more factories into the country and as Board Chairman for the Ghana Integrated Iron and Steel Development Corporation; I am going to America this week to bring investment to unlock the multibillion dollar we can get from the Sheini iron ore deposit – Yendi and the Zabzugu area where I come from, I am very particular about that – all that we’re doing is creating avenues for people and employment” he stated.
Meanwhile, the volumes of the mineral deposits discovered are estimated to hit three billion dollars by end of the exploration exercise and already there is an ongoing assessment due to the rock formation in the area of discovery which extends to neighboring Togo.
