Osafo-Maafo Calls For Law to Boycott The Export of Raw Materials
The Senior Minister, Mr Yaw Osafo-Maafo, has required a law to boycott the exportation of raw materials, demonstrating that as long as the nation kept on transporting raw items, the economy would suffer. At this year’s general gathering of the Association of Ghana Industries (AGI), Mr Osafo-Maafo said the nation should start to set up the essential strides to produce more from its natural resources.
Refering to Ghana and Cote d’Ivoire as precedents, he said the two nations “deliver 60 percent of the world’s cocoa beans yet win $5 billion mutually, though the chocolate chain industry acquires $125 billion every year”.
“This thing must stop and we should end any endeavor to export raw materials,” Mr Osafo-Maafo focused.
In a report filed by graphic online, Mr Osafo-Maafo focused on the requirement for the AGI to accomplice the administration to discover enduring answers for difficulties that crashed the nation’s financial growth.
Mr Osafo-Maafo specified overspending as one of the significant difficulties backing off Ghana’s development and reported that the administration would one year from now present a Fiscal Responsibility Act and Council to control the spending of state organizations.
As per the Senior Minister, the demonstration would be an extra stockpile to help existing laws and systems for making a tidier financial condition for industrialisation.
The President of the AGI, Dr Yaw Adu Gyamfi, said the affiliation valued the endeavors being set up by the legislature to help organizations to flourish.
In any case, he stated, more should have been done to guarantee that issues that smothered the development of organizations were quickly attended to.
Dr Gyamfi made reference to the deterioration of the nation’s money against the dollar as one of the significant difficulties influencing numerous organizations.
“With the cedi respecting weight from the real exchanging monetary standards inside this second 50% of the year and following vulnerabilities, it is hard to reason that our desires for the year have been met,” he said.
Dr Gyamfi also approached the legislature to revive the pace of the usage of its leader programs, especially the One District, One Factory (IDIF).
As indicated by him, despite the fact that the affiliation’s desires for the IDIF activity “appears to have melted away”, regardless it had eyes on every one of the projects since they had high job creation prospects for the economy.