President Nana Akufo-Addo has said Government is busily building an integrated bauxite and aluminium industry and an integrated iron and steel industry.
In addition, Nana Akufo-Addo said Government is also building new oil refineries and have, so far, attracted six (6) of the world’s biggest automobile manufacturers to set up assembling plants in Ghana, prior to producing them in the country.
The President said this when he addressed the second day of the 77th Session of the United Nations General Assembly in New York on Wednesday (September 21, 2022).
The President said “Already, goods and services are flowing more freely across our artificial borders. See Africa for what it is: the new frontier for manufacturing, technology, and for food production. That is why six years ago, I launched the successful policy of ‘One District One Factory.”
“A policy, with government incentives, that has directly seen, so far, some one hundred and twenty-five (125) factories being set up in various districts across the country, leveraging on each area’s competitive advantage. That is why, six years ago, my government embarked on an aggressive policy of planting for food and jobs, which has helped our farmers increase their yields in folds. Indeed, we are recognising that many of the things we import can be found or produced in Ghana, or in other African countries.”
“The African Continental Free Trade Area, whose Secretariat is located in Accra, Ghana’s capital, is driving intra-Africa trade and creating an unparalleled momentum for our continent’s economic diversity and transformation. We know that industrialisation is the way to go and, with the single market as the added incentive, we have taken policy measures in Ghana to add value to our natural resources. For example, we are processing more of our cocoa, refining more of our gold, and we are determined to exploit the entire value chain of our huge lithium deposits.”
Source: Mybrytfmonline/ Kofi Atakora
