President Akufo Addo has said that his government\u2019s sound economic programmes are yielding positive results in industry compared to the abysmal results produced by the John Mahama government.<\/p>\n
He stressed that the growth and development of industry is key to the development agenda of the country, hence its commitment and efforts to enable growth in the sector.<\/p>\n
\u201c\u2026we cannot create the necessary numbers of high-paying jobs that will enhance the living standards of the mass of our people. Raw material producing economies do not create prosperity for the masses. The way to ensuring access to prosperity is the industrial development of our economy,\u201d Akufo-Addo said.<\/p>\n
[contextly_sidebar id=”UaDKsiZccLRBfNWdMBgkbiEHsxbfxY51″]The President made the comment when he commissioned the Twyford Ceramics Factory at Shama in the Western Region on Saturday.<\/p>\n
Akufo-Addo said industry had not performed well in the past years as it recorded a growth rate of only 0.5% in 2016.<\/p>\n
\u201c[However], as a result of the normalization of the power situation in the country, and the implementation of government\u2019s pro-business policies, I believe our objective of shifting the focus of our economy from taxation to production is bearing fruit, he said.<\/p>\n
\u201cIn 2017, industry grew at 17.7%, a radically marked improvement on its abysmal 2016 performance in the last year of the Mahama administration,\u201d Akufo-Addo added.<\/p>\n
While commending\u00a0Sunda International, for the decision to site the factory in Ghana, Nana Akufo-Addo said he was confident the move will not only reduce the country\u2019s ceramic tile imports, but will also serve as a source of employment for the many youth resident in Shama.<\/p>\n
\u201cI am also happy to note that ninety five percent (95%) of the factory\u2019s raw material needs will be sourced locally. The promoters of this project should work towards increasing this figure to a hundred percent (100%),\u201d the President added.<\/p>\n
–<\/p>\n
By: Jonas Nyabor\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"
President Akufo Addo has said that his government\u2019s sound economic programmes are yielding positive results in industry compared to the abysmal results produced by the John Mahama government. He stressed that the growth and development of industry is key to the development agenda of the country, hence its commitment and efforts to enable growth in […]<\/p>\n","protected":false},"author":5,"featured_media":391768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,11],"tags":[8,3,16150,16151],"yoast_head":"\n