Ghana’s government has expressed its desire to strengthen the local steel industry by exploring new iron ore and manganese deposits in the country’s Western and Northern Regions.
President Nana Akufo-Addo announced this during a Harvard Africa Alumni Action Forum in Accra.
He said, “For our part in Ghana, we have set about prosecuting the agenda with the private sector at least one factory each of our 216 districts.”
“I think the time has come for Ghana to develop strategic industries out of its abundant natural resources of bauxite and iron ore,” he added.
President Akufo-Addo further disclosed that his government intends to establish an integrated aluminum development authority to assemble the relevant financial resources for the systematic exploitation and transformation of bauxite into aluminum, which he described as the “metal of the future.”
“To this end, we have decided to exploit our substantial iron and manganese deposit situated in the Northern and Western regions to build an integrated steel industry to serve the needs of our country and region,” he added.