The Annual Industrial Fair and Exhibitions organized by the Association of Ghana Industries (AGI) opened here on Tuesday with Vice President Mahamudu Bawumia pledging government’s commitment to ensuring the country’s industrial growth.
The three-day event which saw about 100 companies mounting exhibition stands seeks to build international partnerships for value-added industrial and local content development.
The first and foremost thing in our quest to develop the economy and move Ghana beyond aid Bawumia stressed; “is the need to build strong fundamentals. A stable and predictable macroeconomic environment is the least that governments should do for the private sector to thrive.”
Strengthening the macroeconomic fundamentals he said had therefore been the primary goal in the government’s management of the economy.
“We are not where we want to be but we believe we are on course and be rest assured that this economy is in good hands,” the vice president assured.
He pledged the commitment of the government to strive for a low and stable inflation rate, a low interest rate environment, a stable though not constant but predictable external value of the local cedi currency.
“The development priority for our country is to create jobs. It is against this background that the president has articulated a very ambitious program for industrial transformation,” Minister for Trade and Industries Alan Kyeremateng noted.
Learning from the experience of some of the most advanced economies in the world the minister said the government was aware that through industrialization that the potential of job creation was maximized.
“So that is why there is this focus on industrial transformation. And it is very consistent also with the president’s own vision of Ghana Beyond Aid,” he added, pointing out that the president’s vision of One District ; One Factory was one of the key foundations for such an ambitious program.
The minister added that President Nana Addo Dankwa Akufo-Addo’s slogan of ‘Ghana Beyond Aid’ was a strong signal to the private sector in Ghana that indeed the development agenda in the country now lay in their (private sector’s) hands.
President of the AGI Yaw Adu-Gyamfi told Xinhua later in an interview that the association was putting in place measures to take full advantage of the opportunities discovered when they accompanied President Akufo-Addo to the People’s Republic of China earlier this month.
“Almost all the dialogues that the president had when we travelled with him to China basically got the private sector involved. He has opened the door for private sector to engage Chinese partners to come not to work with government but to work with local companies
“Now it is left for us in AGI to open the doors, get our boots cleared and have partnerships with the Chinese,” he added. Enditem