News Archives

Mar 28, 2011

New Industrial Policy approved

Mr. J. S. Annan, the Deputy Minister of Trade and Industry, has announced that government has approved a new industrial policy which focuses on production, distribution, technology and innovation of locally manufactured products for the country.


According to him, government has been working on a comprehensive industrial development and competitiveness legislation for local industries to promote domestic content in terms of human and material resources and the transfer of technology.

 Mr. J. S. Annan disclosed this in Accra, at the 18th Annual General Meeting of the Ghana National Chamber of Commerce and Industry (GNCCI), adding that government will commence work on the development of a commodity exchange to connect buyers and sellers of locally grown agricultural commodities

 He also praised GNCCI for interacting with other stakeholders on the development of the commodity exchange, pointing out that other projects are in the pipeline which includes the development of an industrial salt estate at Keta in the Volta Region.

 He therefore called on members of the GNCCI and other businesses which add value to natural products from the country to associate themselves with ECOWAS to enable them to take advantage of the vast market in the sub-region.

 He also called for the strengthening of the Chamber at both the national and regional levels to enable it perform its function effectively and efficiently.

 Mr. Wilson Ataa Krofah, the President of the GNCCI, in his speech, said the private sector has faith in the country’s economy and hopeful that government will continue with its open door policy for mutual prosperity.

Source: ISD