32.1 C
Accra
Monday, April 22, 2024
BusinessWe will revamp Volta Aluminium Company and boost rice production - Mahama

Date:

We will revamp Volta Aluminium Company and boost rice production – Mahama

Flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has declared his intention to implement import restrictions on specific essential commodities if he emerges victorious in the December elections.

This decision stems from the fact that imports of goods and services currently contribute approximately 40 percent to Ghana’s Gross Domestic Product (GDP).

- Advertisement -

During a meeting with members of the Association of Ghana Industries (AGI) in Accra, Mr. Mahama emphasized the importance of enacting legislation to bolster local businesses.

He outlined plans to revitalize strategic industries such as the Volta Aluminium Company (VALCO), with a particular emphasis on the downstream aluminium sector.

- Advertisement -

Mr. Mahama explained that by enhancing local production capacities for these items and others, his administration would impose restrictions on unchecked imports of these goods.

“We work to revamp and reignite strategic industries such as Volta Aluminium Company (VALCO) because of the downstream aluminium sector while boosting the production of rice, sugar, tomato, fish, poultry, meat and meat products, vegetable cooking oil, and pharmaceutical products.

- Advertisement -

“Once local capacity in the production of these and many other products is increased and boosted, we shall place restrictions on the unbridled importation of these items” he added.

Latest stories

“Terrorism remains one of the most significant challenges facing Africa today” – Akufo-Addo

President Akufo-Addo highlighted Africa's urgent need to address the...

Barca’s Laporta calls for Real Madrid rematch if VAR error is detected

Barcelona president Joan Laporta has called for a potential...

KK Fosu publicly declares his ideal political party

Renowned crooner KK Fosu recently made headlines with his...

REGSEC demolishes Kwadaso Onion Market

On Monday, April 22, hundreds of sheds at the...

Angry woman pours water on Peter Amewu’s men during door-to-door campaign

Tensions allegedly flared in the Hohoe Constituency as the...

“There is no future for Ghanaian music ; we’re copying more than being creatives” – Ambolley

Veteran Ghanaian musician, Gyedu-Blay Ambolley, has expressed deep concern...

Communication ministry working on local content legislation to enhance telecom sector – Ursula Owusu

The Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has...

Related stories

Communication ministry working on local content legislation to enhance telecom sector – Ursula Owusu

The Minister of Communications and Digitalisation, Ursula Owusu-Ekuful, has...

Debt service likely to affect Ghana’s economic growth – Economist

An economist at the University of Ghana Business School,...

We are not losing transit trade to Togo and Ivory Coast – Customs division of GRA clarifies

The Ghana Revenue Authority's Customs division has refuted rumors...

Ghana is making robust progress towards stability – Amin Adam on state of economy

Minister of Finance, Dr. Mohammed Amin Adam, has stressed...

CSIR develops MA-Cash project to promote research, efficient methods of cashew processing

The Centre for Scientific and Industrial Research (CSIR) has...

A dollar goes for GHS13.95 at forex, BoG interbank rate at GHS13.06 

Today, April 22, 2024, the Interbank forex rates provided...

Ghana’s programme is overdelivering – IMF Mission Chief claims

Stéphane Roudet, the International Monetary Fund (IMF) Mission Chief...

LEAVE A REPLY

Please enter your comment!
Please enter your name here