News:
February 26, 2021
Minister-designate for Trade and Industry, Alan Kwadwo Kyremanteng has said Ghana has a greater challenge in terms of number of orthodox products the country import into the country annually.
He explained that, there are many of such orthodox products that could have been produced right here in Ghana such as, rice, sugar and poultry, yet we keep importing these products at a cost of about one billion dollars annually.
Mr. Kyremanteng said, Ghana has the local capacity to be able to produce these commodities ourselves in order to substitute these imported products, yet we keep importing them.
He made it known before the Appoint Committee that, this decision of importing products that could be produced here influenced the idea of President Akufo-Addo to introduce One-District, One-factory which the Trade and Industry Ministry is leading the initiative to produce more products locally for our consumption and export purposes.
The Trade and Industry Minister designate, explained further to the committee that, 1D1F initiative has been one of the most revolutionary interventions to have been introduced in our country since Independence.
And added that, the program is still on course and would achieve it purpose for bringing industry and development to the doorsteps of the ordinary Ghanaian people.
Mr. Kyremanteng further gave details of the number of factories set up under the 1D1F as, there are two hundred and thirty-two (232) 1D1F projects across the country that are at various stages of implementation.
He said, according to statistics, out of 232 factories, only 64 were already existing companies and 168 are new companies.
Mr. Kyremantey made all these known on Friday, February 26, 2021 when the Minority Leader, Haruna Iddrisu asked him, what he can do to reduce the huge sums of money in dollars, Ghana uses to import products such as rice, sugar and poultry into the country.
Kwaku Sakyi-Danso/Ghanamps.com