Member of Parliament for Yendi Constituency Alhaji Farouk Aliu Mahama has been sworn in as the Chairman of the governing board of the Ghana Integrated Iron and Steel Development Corporation (GIISDEC).
The nine-member governing board was inaugurated with a call to drive economic improvement of the steel industry, create jobs and attract investment.
The Lands Minister, Samuel Abu Jinapor, who presided over the swearing-in ceremony, tasked the board to continuously ensure that the exploitation of iron ore and steel deposits is to Ghana’s maximum benefit.
The newly sworn-in board chairman, Alhaji Farouk Aliu Mahama, said together with the board members and other stakeholders, he would hit the ground running by embarking on massive exploration of Ghana’s iron ore deposit.
“[With] a strategic Master-Plan, we shall drive a sustainable value creation in the iron and steel industry for all stakeholders along the chain, and all these are projected to be achieved within a year, that is by the end of 2022,″ he said.
An Act of Parliament established GIISDEC in March 2019 to develop and promote an integrated iron and steel industry.
The Chief Executive Officer, Kwabena Bonsu Fordwor, who has been reappointed, has facilitated the exploration of the nation’s iron ore resources and promotion/attraction through public-local and foreign-private partnership since the establishment of the corporation investments.
Other members of the board are Kwabena Bonsu Fordwor (CEO of GIISDEC), George Mireku Duker (Ministry of Lands and Natural Resources Representative), Michael Okyere Baafi (Ministry of Trade and Industry Representative), Martin Kwaku Ayisi (Minerals Commission Representative), Kay F. Amoah (Jnr) Esq., Ernest Kusi and Madam Hanifa Yahaya (Esq), all President’s Nominees.