The Government of Akufo-Addo is committed to the implementation of its industrialisation plan, designed to transform the Ghanaian economy, and will, therefore, continue to offer similar incentives to local industries as those offered to foreign companies wishing to set up shop in Ghana, Vice President Dr Bawumia has assured.
Dr Bawumia reaffirmed government’s commitment to industrial growth when he gave the keynote address at the opening ceremony for the ongoing Ghana Industrial Summit and Exhibition 2018 at the Accra International Conference Centre on Tuesday, September,  18 2018.
The Summit, under the theme “International Partnerships for Value-Added Industrial and Local Content Development†has been organised by the Association of Ghana Industries in collaboration with the Ministry of Trade and Industry and provides an opportunity for stakeholders to deliberate on ways to ensure the growth and sustenance of Ghanaian industry.
Dr Bawumia indicated that special, industry-tailored policies and programmes are also being implemented by
Dr. Bawumia further stated that “in addition to the One District One Factory initiative, a key strategic focus of President Nana Akufo-Addo in Ghana’s industrialization drive is the establishment of an integrated Bauxite and Aluminium industry across the entire value chain of mining, refining, smelting, and downstream production to ensure value addition so that we earn more from the exploitation of our natural resources. That is a multi-billion value chain, VALCO is a key part of this value chain, and we hope to get them operating at full capacity soon,†Vice President Bawumia stated.
However “VALCO is currently importing alumina to the smelter. The establishment of a bauxite refinery in Ghana is therefore imperative and the search for partners to build the refinery has begun,†he revealed.
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The Vice-President said another example of revival is the garment producing Akosombo Textiles Limited (ATL). “ATL
“Once the uniforms are produced, as you know each constituency is going to provide about 350 graduates for NABCO. We are also insisting that the local tailors in these constituencies are the ones that are going to sew the
Vice President Dr Bawumia indicated that although a number of companies have already signalled their intent to take advantage of the Akufo-Addo government’s business-friendly policies, including global automotive giant VW and Sinotruk International, China’s first heavy-duty truck manufacturer, Government will take a holistic, forward-looking stance in the design of policy.
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“We’re not going to make policy for the benefit of one supplier, like VW or Nissan. We’re looking at a policy that applies to the entire automobile industry. We’ve had discussions for example with our local producers like