In a landmark achievement for Ghana’s pure useful resource growth, Africa Exploration and Minerals Group Ltd (AEMG), a solely owned Ghanaian exploration firm has efficiently concluded the drilling part of the nation’s first-ever Mineral Useful resource Estimation (MRE) for iron ore, carried out on the Gyamurume Iron Ore Block within the Oti Area.
This pioneering initiative, absolutely financed by Republic Financial institution (Ghana) PLC, marks a brand new daybreak in Ghana’s quest to unlock its iron and metal potential, drawing commendation from key authorities establishments, conventional leaders, and trade stakeholders.
The official web site go to and shutting ceremony, held in Asato and on-site on the drilling camp, was attended by a high-level delegation together with Osaberima Osei Bonsu, Asatohene; Togbega Gabusu VII, Paramount Chief of Hohoe; Dr. Sam Suraj Issaka, Kedjebi District Chief Govt; Philip Oppong Amponsah, the Deputy Chief Govt Officer of the Ghana Built-in Iron and Metal Growth Company (GIISDEC); representatives from the Ghana Geological Survey Authority (GGSA); Intertek Minirals; SRK Ghana; the Minerals Fee (MINCOM); the Kedjebi District Meeting; conventional rulers; Isaac Obeng Darko, Chief Govt Officer of AEMG; Samuel Frimpong, Chief Working Officer and Director Operations, AEMG; Stephen Amoako, Business Supervisor, AEMG; Jacob Hobenu, Head Company Banking, Republic Financial institution (Ghana) PLC and the Managing Director of Republic Financial institution (Ghana) PLC, Dr. Benjamin Dzoboku.
Republic Financial institution Takes a Daring Stand in Mining Finance
In a shifting deal with, Dr. Dzoboku highlighted the Financial institution’s courageous determination to fund the venture, saying: “This venture isn’t solely data-driven however future-shaping, setting the tone for Ghana’s emergence as a reputable participant within the international iron and metal worth chain. Whereas others stepped again, Republic Financial institution stepped ahead as a result of we consider in Ghana, in African enterprise, and transformative growth via strategic finance.”
He recounted the Financial institution’s historical past, asset place of over US$19.5 billion as of June 2025 and reaffirmed Republic Financial institution’s dedication to supporting all the mining worth chain.
“Republic Financial institution is a subsidiary of Republic Monetary Holdings Restricted (RFHL) of Trinidad and Tobago and with over 187 years in banking. The Financial institution has the monetary energy, making this a daring instance of inclusive financial growth. We’ll proceed to champion accountable mining companies that fulfill the Sustainable Growth Objective 13 (Local weather Motion), exploration ventures, and the broader extractives sector with the identical ardour and perception,” Dr. Dzoboku added.
AEMG and Stakeholders Rejoice a Historic First
AEMG CEO, Isaac Obeng Darko, expressed deep appreciation to Republic Financial institution, noting: “This can be a historic second, not only for AEMG, however for Ghana. Republic Financial institution will eternally be remembered as the primary and solely financial institution to again this groundbreaking iron ore exploration venture.”
Stephen Amoako, AEMG’s Business Supervisor, additional disclosed that though iron ore was the first exploration goal, preliminary technical outcomes point out a number of high-value discoveries, the total extent of which will likely be verified after pattern evaluation by Intertek Minerals. Intertek’s crew additionally assured stakeholders of strict high quality management and a fast turnaround time in delivering the outcomes.
Nationwide Recognition and Presidential Curiosity
Representing the Authorities of the Republic of Ghana, Honourable Philip Oppong Amponsah, the Deputy CEO of GIISDEC, recommended AEMG for the milestone. He additional introduced that the Oti Area is poised to grow to be Ghana’s main iron ore hub, cementing its place on the worldwide mining map.
Professor Frank Nyame, the AEMG Undertaking Guide, talking on behalf of the GGSA, emphasised that the venture had been executed with 100% native content material, a milestone that speaks to nationwide capability and self-reliance in technical exploration.
Youth Empowerment and Sustainability
Professor Nyame urged the neighborhood to organize its youth for alternatives that may emerge because the venture scales.
He known as for educational dedication and vocational preparedness to make sure native participation sooner or later iron and metal ecosystem.
Dr. Sam Suruj Issaka, the District Chief Govt of Kedjebi, pledged native authorities help, anticipating socio-economic upliftment via employment, infrastructure, and elevated regional funding.
The occasion concluded with the official handover of the ultimate drill core samples to Intertek Minerals, symbolizing the transition into the following part of study and useful resource validation.
As Ghana seems to enter the worldwide iron ore area, this second alerts greater than a mining breakthrough; it marks a dedication to nationwide transformation via innovation, partnership, and function.
Wanting Forward
Republic Financial institution Ghana, via its visionary help, has positioned itself as a monetary trailblazer dedicated to nationwide development and resource-led industrialization.
The Financial institution stays targeted on constructing sturdy, impactful partnerships with native and regional stakeholders to unlock the total financial potential of the Oti Area, Ghana and the African Continent as a complete.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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