The Minister of Trade and Industry, Kwadwo Alan Kyerematen says industrialization is the only way to effect massive economic transformation in the country.<\/p>\n\n\n\n
He opines that it is only through industrialization that the country can enhance exports and minimize imports.<\/p>\n\n\n\n
This he said would build the foreign exchange buffers of the country and subsequently restore some glory to Ghana\u2019s local currency.<\/p>\n\n\n\n
Delivering the keynote address at the Ghana Industrial Summit & Expo, the Trade Minister maintains that 1D1F is a strong brand, but consists of just one component of what government is doing to enhance productivity in the industry.<\/p>\n\n\n\n
He recalled the experiences industry players and government have learned from the Covid-19 pandemic<\/p>\n\n\n\n
\u201cUnless we industrialize, in the case of any serious global crisis we would be found wanting\u201d.<\/p>\n\n\n\n
He reiterated that the rising challenge of employment also points unequivocally to the need for the country to take industrialization seriously.<\/p>\n\n\n\n
\u201cIt is not a matter of coincidence that the most advanced countries in the world are the most industrialized.\u201d<\/p>\n\n\n\n
\u201cWe have no choice in the country to support the path for transformation, which is to support industrialization,\u201d he affirmed.<\/p>\n\n\n\n
The Minister shares in the cry of the ordinary Ghanaian that things are hard but assured that government is working around the clock to restore normalcy to the system.<\/p>\n\n\n\n
The 5th Ghana Industrial Summit & Expo was under the theme: Investing in the Ghanaian Industries to leverage opportunities in the single African Market.<\/p>\n\n\n\n