• Live Radio
  • Videos
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Live Radio
    • Photos
  • Election 2020
Local News
 
 
 
Home Business Business News 201111

Trade Ministry Challenges Industrialists

28-Nov-2011
/ Business News, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

The Ministry of Trade and Industry (MoTI) has challenged the country’s industrial community to manufacture quality products that can withstand the threat posed by foreign products rather than waiting on the government to encourage protectionism in the local market.

The sector Minister, Ms Hannah Tetteh, who threw the challenge during the 22nd anniversary celebration of the Africa Industrialisation Day in Accra said the solution to the influx of foreign goods into the country “is not only through increased tariffs of protectionism from the government.

“The solution is a well-developed and strong industry capable of manufacturing quality products that can match up to the foreign ones if not undo them,” the minister said.

The Africa Industrialisation Day is a day set aside by the United Nations Industrial Organisation (UNIDO) aimed at promoting industrialisation in the continent through a shared responsibility with the various governments and industrial organisations.

The annual event, which celebrates industries in Africa, is often celebrated in the country by UNIDO in conjuction with the Association of Ghana Industries (AGI), the umbrella body of industries in the country. It was on the theme: ‘Tackling energy poverty in Africa’.

The launch, which coincided with the AGI’s industrialisation week, attracted representatives from the UNIDO, UNDP, the Energy Ministry, as well as the MoTI.

While admitting that foreign goods posed a threat to local industries and the economy at large, Madam Tetteh said the government would continue to play its part in checking the trend but called on local industries to step up the quality of their products as a way of undoing the foreign ones, most of which were often shoddy.

She also encouraged the AGI “to take industrialisation to the rural areas instead of limiting them in the cities and towns.”
Madam Tetteh mentioned the launch of the ministry’s industrial policy document earlier this year as some of the initiatives aimed at stimulating industrialisation in the country.

The Industrial Policy, she said, was aimed at increasing the accelerating growth in the country’s industry through a targeted growth rate of 12 per cent.

The President of the association, Nana Owusu Afari, who chaired the function later told the Daily Graphic that the association “is not asking the government to support local industries produce shoddy goods.

“Quality is not the problem,” he stated and added that the “AGI itself is even passionate about quality products but we also need government policies that will help local industries to produce to meet the local capacity”.

The president tasked the government and industry stakeholders “to be proactive in dealing with our age old challenges,” noting that the recently launched Industrial Policy Document by the Ministry of Trade and Industry could prove a “strategic document for revitalising industry in Ghana.”

Source: Daily Graphic

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

Busy Internet Is 10 Years

Next Post

Cocoa Farmers Linked To IT Infrastructure

 
 

More Stories

Huawei’s FinTech 2.0 To Support Ghana’s Mobile Money, Deepen Financial Inclusion
Vodafone Cash Leads The Charge For Digital Financial Inclusion In Ghana
Ghana's Debt Forgiveness Request From China Unlikely To Succeed - Isaac Adongo
Vehicle Components Manufacturers Explore Avenues In Ghana
BOST, beacon of corporate governance-Veep
Gov't to save $4.8 billion forex annually from Gold for Oil Policy-Dr Bawumia
Gold Fields, Anglogold Ghana Team Up To Create Africa's Biggest Gold Mine
GBfoods Expands Its Factory In Ghana Commits $ 5million In State-Of-The-Art Tomato Canning Line
Blue Star Lotto Officially Launched In Accra
Next Post

Cocoa Farmers Linked To IT Infrastructure

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Business News Stories

  • Huawei’s FinTech 2.0 To Support Ghana’s Mobile Money, Deepen Financial Inclusion

  • Vodafone Cash Leads The Charge For Digital Financial Inclusion In Ghana

  • Ghana's Debt Forgiveness Request From China Unlikely To Succeed - Isaac Adongo

  • Vehicle Components Manufacturers Explore Avenues In Ghana

  • BOST, beacon of corporate governance-Veep

  • Gov't to save $4.8 billion forex annually from Gold for Oil Policy-Dr Bawumia

  • Gold Fields, Anglogold Ghana Team Up To Create Africa's Biggest Gold Mine

  • GBfoods Expands Its Factory In Ghana Commits $ 5million In State-Of-The-Art Tomato Canning Line

  • Blue Star Lotto Officially Launched In Accra

  • GRA Generates Over GH¢178bn, Exceeding Revenue Targets by GH¢6.5bn Over Three-year Period

 

 
 

Popular Videos

Akan News @ Midday On Peace 104.3 FM (18/3/2023)

Kokrokoo Discussion Segment On Peace 104.3 FM (20/03/2023)

Kokrokoo Live On Peace 104.3 FM (20/03/2023)

Akan News @ 6am On Peace 104.3 FM (19/3/2023)

AKOKO ABON ON HELLO101.5FM WITH SAMUEL JOACHIM BOKEEM(18/03/2023)

Peace Power Sports (20/03/2023)

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Live Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Live Radio
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media