Tuesday, 18 November

GIISDEC board chair urges diaspora to invest in Ghana’s growing iron and steel industry

Business
Dr Riachrd Asiedu and his team in the UK

The Board Chairman of the Ghana Integrated Iron and Steel Development Corporation (GIISDEC), Dr. Richard Asiedu, has called on Ghanaians and Africans in the diaspora to seize emerging investment opportunities within Ghana’s rapidly developing extractive sector.

He made the appeal during the Diaspora Reset Engagement Conference (DREC 2025) held in Birmingham, United Kingdom, under the theme “Connecting Global Talent to Local Transformation.”

Dr. Asiedu stressed that the contribution of the diaspora to Ghana’s economic growth is more crucial now than ever, particularly as the country’s iron and steel industry enters a new phase of expansion.

He noted that the sector is being propelled by strengthened regulatory frameworks, comprehensive geological data and enhanced government incentives designed to attract both local and foreign investment.

According to him, GIISDEC is spearheading key reforms aimed at boosting transparency, improving investor confidence and advancing sustainable mineral development.

These efforts, he said, make the iron and steel value chain a strategic and viable option for diaspora-led investments, partnerships and knowledge transfer.

“Ghana’s iron and steel industry is on the verge of significant growth,” Dr. Asiedu said.

“We have the right resources and policies. What we need now is strategic investment from our diaspora, who understand the long-term goals of national development.”

He outlined several priority areas where diaspora participation could make a critical impact, including geological exploration, iron ore processing, steel production, supporting infrastructure such as roads and rail, as well as technology and skills transfer.

Dr. Asiedu lauded diaspora professionals for their global exposure, technical expertise and innovative thinking—qualities he described as essential for transforming Ghana’s mineral resources into industrial advancement.

The conference brought together policymakers, business leaders, experts and development advocates from across Europe. Participants praised Dr. Asiedu’s call as timely and aligned with DREC 2025’s mission of mobilising global talent for development back home.

“The diaspora has always been a strong support system for Ghana,” he added.

“We are inviting you to help shape the country’s next industrial chapter.

The extractive sector is open, transparent and ready for investment.”

 

He assured prospective investors that GIISDEC stands ready to provide technical guidance, efficient processes and strong institutional support to ensure that diaspora investments are secure, profitable and sustainable.

Source: Classfmonline.com/Cecil Mensah