Govt committed to supporting local industries

The Deputy Minister of Trade and Industry, Murtala Mohammed has reiterated government’s commitment to support local industries to produce quality goods for domestic use and exportation.

He said there was the need to assist local industries to thrive in view of competition from European industries and the coming in force of the Economic Partnership Agreement (EPA).

The deputy minister stressed that government was creating the enabling environment needed for local industries to produce goods that would compete on the local and international markets.

Mr. Mohammed was speaking to the media on the sidelines of an inter-political parties economic forum on the theme, ‘Ghana’s Economic Independence from 2017 and beyond, Political Parties Perspective’.

Organised by Stepwise Group Limited, a financial investment firm, the forum offered political parties the platform to share with Ghanaians their policies and plans for economic independence.

Mr. Mohammed said the signing of the EPA by government was in the interest of local industries rather than curtailing their progress and expansion.

Richard Adongo Aminu, Deputy Communications Director, Convention Peoples Party (CPP) said the party would push for the operationalisation of ECO as the official currency for West Africa.

He observed that the use of different currencies in the sub region was resulting in continuous depreciation of the cedi as international trade was only facilitated by the dollar.

Mohammed Frimpong of the National Democratic Party (NDP) said the party’s policy on policy on fiscal discipline and industrialisation could ensure the country’s economic independence.

Dr. Mohammed Barwah, Member of the Progressive Peoples Party (PPP) Presidential Policy Team, said the party sought to ensure that the state owns it resources towards job creation.

Founder and leader of the Democratic People’s Party (DPP), Thomas Ward-Brew, bemoaned the consistent borrowing habit of successive governments and the channelling of funds earmarked for development into debt financing.

By Claude Nyarko Adams      


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