Ghana Calls on Diaspora to Invest in Booming Extractive Sector

Ghana is actively seeking diaspora investment to drive growth in its extractive industry, particularly in iron and steel development. Dr. Richard Asiedu, Chairman of the Ghana Integrated Iron and Steel Development Corporation (GIISDEC), has urged Ghanaian and African professionals abroad to move beyond remittances and engage in long-term value creation through mining, steel manufacturing, mineral beneficiation, and related infrastructure projects.

Addressing a diaspora-focused conference in the UK, Dr. Asiedu highlighted the sector’s renewed structure, backed by robust regulatory frameworks, detailed geological surveys, and incentives designed to attract credible investors. He emphasized that Ghana’s resources, stable policy environment, and rising market demand create ideal conditions for diaspora-led ventures.

GIISDEC’s reforms aim to boost transparency, investor confidence, and sustainability across the extractive sector. Opportunities span geological exploration, technical services, industrial fabrication, infrastructure support, technology transfer, and advanced skills training.

The board chairman stressed that diaspora professionals, with global expertise and innovative approaches, are well-positioned to unlock the full potential of Ghana’s mineral resources.

Officials reiterated that the extractive sector is now open, transparent, and primed for investment, with institutional support available to ensure profitable and sustainable ventures.

This initiative is part of a broader effort to establish an integrated iron and steel ecosystem, create jobs, attract international supply chains, and accelerate industrialization in Ghana.