African Exploration Minerals Group (AEMG) has completed the first phase of iron ore exploration in the Oti Region using entirely domestic expertise—a pioneering effort that challenges the long-standing dominance of foreign companies in the industry.
When geologists began surveying the Gyamruame site last year, few anticipated that a fully local team would lead the project to this milestone.
“We’ve proven local capacity exists,” said Samuel Frimpong, AEMG’s Chief Operating Officer.
“But to compete globally, Ghanaian companies need stronger policy backing and financial mechanisms.”
The company recently transferred its exploration data to Intertek for viability analysis, moving closer to launching full-scale mining operations.
This initiative aligns with the Ghana Integrated Iron and Steel Development Corporation’s (GIISDEC) national strategy to leverage the country’s rich domestic ore reserves.
Deputy CEO Philip Oppong Amponsah highlighted the significance of this achievement, stating, “This shows we can lead.
We need more local investors to unlock the sector’s potential.”
The development has been warmly welcomed by local leaders in Kadjebi District, who anticipate new job opportunities and wider economic benefits.
Mining remains a vital contributor to Ghana’s export earnings and industrial base, yet indigenous firms rarely take center stage in large-scale projects.
AEMG’s progress, backed by GIISDEC, signals a shift towards increased local participation in a sector historically dominated by foreign players.
As President John Mahama’s administration pushes forward its industrial transformation agenda, this homegrown success puts Ghana’s commitment to empowering its own mining pioneers to the test—offering a glimpse of a future where local expertise drives the nation’s mineral wealth.
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