The government has been urged to vigorously pursue programmes and policies aimed at industrialisation in order to salvage the economy.
It should increase industrialisation in order to cut down about 60 per cent of imports and secure a robust and resilient economy.
This is because industrialisation holds the key to Ghana’s development.
Dr Joseph Siaw Agyepong, Executive Chairman of JOSPONG Group of Companies said this during an interaction with the Israeli Ambassador to Ghana Mr Ami Mehl who paid a familiarisation visit to some subsidiaries of the group.
Some of the facilities visited by the Israeli Ambassador included the Vehicle Assembling Plant, Zoompak waste transfer station at Teshie, Yeeco Plastics Ghana Limited in Tema, Universal Plastic Products and Recycling Limited, JA Plant Pool Ghana Limited and Mudor Decay Treatment Plant which is still under construction.
The Ambassador commended the management and staff of Zoomlion and Jospong for their contributions to the economy of Ghana.
He was elated at the company’s passion for industrialisation and lauded their efforts at recycling and waste management, saying Israel today had a lot of technology created out of necessity, which could be exported to other countries.
He stressed the importance of industrialisation and agriculture, saying with these two, a country’s development is assured.
The Ambassador spoke of Israel’s desire to partner organisations such as Zoomlion for further growth.
“Ghana needs partnership and cooperation and not support, we are, therefore, happy to be here and when we find the right partners, we will share our technologies,” he said.
Dr. Agyepong highlighted the need for transfer of technology to help build an industrialised economy.
“When you do industrialisation, you create jobs and control your own money; A country that does not go into industrialisation and imports almost everything always goes into recession,” he explained.
“What we need now for the economy is to have more industrialisation so we can cut off 60-70% of our imports and that is why we are venturing into the manufacture of all sorts of products,” Dr Agyepong intimated.