Yendi to become Ghana’s headquarters for Iron & Steel investment – Farouk Aliu Mahama

The Board Chairman for the Ghana Integrated Iron and Steel Development Corporation (GIISDEC), Alhaji Farouk Aliu Mahama, says Dagbon is seating on a multi-million dollar iron investment at Shieni and Yendi will soon become a hub for investors.

Mr Mahama who is also Member of Parliament for Yendi intimated that, having the largest iron ore deposits in the area will attract investors and provide direct and indirect jobs for the youth across the country especially in Dagbon.

The legislator made these remarks when the Board and Management of GIISDEC paid a courtesy call on the king of Dagbon, Ndan Yaa-Naa Abukari II at the Gbewaa Place on Friday, November 18, 2021.

“The board led by my good self will ensure that the iron ore deposits get the needed investment that will provide jobs and lessen the suffering of people living around these areas and Yendi office will be made headquarters of GIISDEC and an operation office in Shieni,” he stated.

He added: “We have advanced plans to being an investor and I assure you that by the end of 2022, this will be done. Dagbon is blessed with this natural resource. All we will ensure you get the needed benefits in terms of royalties.”

The king of Dagbon, Ndan Yaa-Naa Abukari II, entreated the management and board members of GIISDEC to be transparent and guided by national interest.

He also expressed worry over how areas across Dagbon with natural resources are often left with less attention in terms of development.

“Dagbon is still struggling with several developmental challenges despite government interventions which need very urgent attention,” Yaa-Naa said.

However, the Overload of Dagbon assured GIISDEC that the people of Dagbon are ready to work with them to facilitate development into the Kingdom.

Ghana has three main iron deposits of potential industrial and commercial importance. They are: Shieni sedimentary iron ore (reserves: 1.270 × 10 6 metric tonnes), Pudo titaniferous-magnetiferous iron ore and the Opon-Mansi lateritic iron ore deposits.

source: | Sherrif Mandeya

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