Ghana Integrated Iron & Steel Development Corporation
Ghana Integrated Iron and Steel Development Corporation (GIISDEC) was Established by an Act of parliament in March, 2019 to develop and promote an Integrated Iron and Steel Industry.
The Ghana Integrated Iron and Steel Development Act 2019 (ACT 988) establishes the contractual relationship between the state, GIISDEC, and prospective investors in the development and promotion of the economy and efficiency of the integrated iron and steel industry along the entire iron and steel value chain: from the mining of iron ore and its related minerals to the production of iron and steel for industrialization and economic growth. In partnership with the private sector, GIISDEC is poised to commence commercial operations in the Opon-Mansi and Sheini mines. Feasibility studies are also underway in Pudo and Akpafu in the Upper West and Oti regions respectively where significant quantities of iron ore have been discovered by the Ghana Geological Survey Department (GGSD).Sustainability and Corporate Social Investment
A fundamental feature of GIISDEC’s growth strategy is to work with the communities within which we operate to build human capital and enhance their livelihoods. We believe in social investments with long-term benefits such as building schools & skills training centres, assisting farmers with improved seeds and modern methods of farming, construction of health centres, and provision of potable water for underserved communities. At the heart of the corporation’s sustainability goals is lowering our carbon footprint and improving working conditions across value chains.
Continuous community engagement is an integral part of our ethos. Our activities in this respect are aimed at understanding the communities in which we work, opening channels for a two-way flow of information, helping the communities to understand what we do, and enhancing community support and trust.
Continuous community engagement is an integral part of our ethos. Our activities in this respect are aimed at understanding the communities in which we work, opening channels for a two-way flow of information, helping the communities to understand what we do, and enhancing community support and trust.
Our Business
The GIISDEC Act (Act 988; 2019) enjoins the corporation to partner with the private sector in conducting the business of iron ore mining and steel development in Ghana. To this end, GIISDEC is in the process of partnering with a number of private companies including Emaland and GEM Global, both wholly-owned Ghanaian companies, to develop the iron ore mines in the country.
GIISDEC will hold the Government of Ghana’s full interests across the value chain in the Integrated Iron and Steel Industry – a minimum of 30% of which 10% is free carried interest. The corporation also encourages local content and technology transfer to boost local industrialization and ensure equity among local and foreign investors. It is also the major pillar to accelerate government industrialization and economic growth agenda.