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The Board Chairman of the Ghana Integrated Iron and Steel Development Corporation (GIISDEC), Dr. Richard Asiedu, has issued a compelling call to the Ghanaian and African diaspora to channel strategic investments into Ghana’s rapidly expanding extractive sector. He made this appeal during the Diaspora Reset Engagement Conference (DREC 2025) held in Birmingham, United Kingdom.
Addressing participants on the conference theme, “Connecting Global Talent to Local Transformation,” Dr. Asiedu emphasized that the involvement of the diaspora in Ghana’s economic advancement is now indispensable. He explained that Ghana’s extractive sector—particularly iron ore, steel production, and related mineral value chains—has entered a new phase of structured growth, supported by robust regulations, comprehensive geological mapping, and enhanced government incentives.
According to Dr. Asiedu, GIISDEC is spearheading reforms that strengthen transparency, boost investor confidence, and promote sustainable mineral development, making the sector ideal for diaspora-led investments, partnerships, and expertise exchange.
“Ghana’s iron and steel industry is on the verge of a significant take-off,” he said. “We have the resources, the policy framework, and the market potential. What we need now is strategic investment—especially from our diaspora, who best understand the long-term vision of national development.”
He outlined several key areas where diaspora investors can play transformative roles, including:
• Geological exploration and technical services
• Iron ore beneficiation and processing
• Steel manufacturing and fabrication
• Infrastructure support in roads, rail, and energy
• Technology transfer and industrial skills development
Dr. Asiedu commended diaspora professionals for their global exposure, innovation, and discipline—qualities he deemed crucial to converting Ghana’s mineral wealth into sustainable industrial growth.
The conference, which brought together policymakers, entrepreneurs, technocrats, and development advocates from across Europe, served as a high-level platform to deepen conversations on trade, investment, governance, and diaspora participation. Many attendees described Dr. Asiedu’s message as timely and strongly aligned with DREC 2025’s vision of mobilising global talent for local impact.
“The diaspora has always been a lifeline for Ghana,” Dr. Asiedu noted. “We are now inviting you to become co-architects of the country’s next industrial chapter. The extractive sector is open, transparent, and ready for investment. Together, we can build an integrated iron and steel ecosystem that creates jobs, attracts global value chains, and accelerates national development.”
He concluded by assuring prospective investors that GIISDEC remains fully prepared to provide technical support, streamlined processes, and institutional backing to ensure the success and sustainability of diaspora investments.
