{"id":156626,"date":"2015-10-03T06:00:25","date_gmt":"2015-10-03T06:00:25","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=156626"},"modified":"2015-10-02T19:01:17","modified_gmt":"2015-10-02T19:01:17","slug":"govt-seeks-investors-to-revive-factories-in-upper-east","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2015\/10\/govt-seeks-investors-to-revive-factories-in-upper-east\/","title":{"rendered":"Gov\u2019t seeks investors to revive factories in Upper East"},"content":{"rendered":"<p style=\"text-align: justify;\">The Minister of Trade and Industry, Dr. Ekow Spio- Garbrah has reiterated government commitment to revamping the Pwalugu tomato factory and the Zuarungu meat factory.<\/p>\n<p style=\"text-align: justify;\">He said government intends to do that through a public private participation (PPP) with preferred Ghanaian investors to boost the economic prospects of the country and create jobs for people.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-1.jpg\"><img loading=\"lazy\" class=\"size-full wp-image-156628 aligncenter\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-1.jpg\" alt=\"spio garbrah in upper east (1)\" width=\"627\" height=\"400\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-1.jpg 627w, https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-1-300x191.jpg 300w\" sizes=\"(max-width: 627px) 100vw, 627px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Dr. Spio-Garbrah bemoaned the state of the two defunct state factories during a working visit in Bolgatanga and attributed the cause to challenges of acquiring raw materials, obsolete technology, poor management practices and lack of capital for re-investments.<\/p>\n<p style=\"text-align: justify;\">He further called for more private equity and capital for the sustainability and profitability of the factories.<\/p>\n<p style=\"text-align: justify;\">Dr. Spio Garbrah was optimistic that the factories if operated under PPP will ensure proper management of financial management.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" class=\"size-full wp-image-156629 aligncenter\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-2.jpg\" alt=\"spio garbrah in upper east (2)\" width=\"533\" height=\"400\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-2.jpg 533w, https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-2-300x225.jpg 300w\" sizes=\"(max-width: 533px) 100vw, 533px\" \/><\/p>\n<p style=\"text-align: justify;\">&#8220;&#8230;We are looking for private investors preferably Ghanaian investors but if Ghanaians are not ready to invest their money then we will look for foreign investors to inject capital&#8230;Transaction advisers have been identified to help us take the process of valuation, identification of potential investors, negotiation, decision about selling and of course get approval from the president and cabinet before the transactions are concluded,&#8221; Dr. Spio Gabrah stated.<\/p>\n<p style=\"text-align: justify;\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-4.jpg\"><img loading=\"lazy\" class=\"size-full wp-image-156631 aligncenter\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-4.jpg\" alt=\"spio garbrah in upper east (4)\" width=\"472\" height=\"330\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-4.jpg 472w, https:\/\/citifmonline.com\/wp-content\/uploads\/2015\/10\/spio-garbrah-in-upper-east-4-300x210.jpg 300w\" sizes=\"(max-width: 472px) 100vw, 472px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Dr. Spio Garbrah said the Bolga craft village can earn Ghana more export value.<\/p>\n<p style=\"text-align: justify;\">He appealed to actors in the sector to ensure their products to meet international standards and also ensure proper branding.<\/p>\n<p style=\"text-align: justify;\">Meanwhile former Minister of Trade and Industry, Haruna Iddrisu in 2013 announced a GH\u00a21 million government funding for the revamping of the Pwalugu tomato factory.<\/p>\n<p style=\"text-align: justify;\">&#8211;<\/p>\n<p style=\"text-align: justify;\">By: Frederick Awuni\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Minister of Trade and Industry, Dr. Ekow Spio- Garbrah has reiterated government commitment to revamping the Pwalugu tomato factory and the Zuarungu meat factory. He said government intends to do that through a public private participation (PPP) with preferred Ghanaian investors to boost the economic prospects of the country and create jobs for people. [&hellip;]<\/p>\n","protected":false},"author":24,"featured_media":156630,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[38,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov\u2019t seeks investors to revive factories in Upper East - Citi 97.3 FM - Relevant Radio. 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