President Akufo Addo has on Wednesday, February 27, 2019, commissioned a new tile manufacturing company, Fujian Sentuo Ceramics Company, at Kpone, in the Greater Accra Region to operate under government’s 1 District – 1 Factory (1D1F) initiative.
The President unveiled the ultra modern to give a boast to government’s flagship industrial policy, which was institutionalised to help in the country’s industrialisation and set her on course for socio – economic development.
Addressing the commissioning ceremony at the premises of the factory, the President indicated that his government wants to achieve a significant level of industrial development, which is why he commenced, immediately after his assumption of office, a program of industrial transformation.
“The industrial transformation agenda is anchored on a 10-point plan, confronting the private sector and its ability to spearhead the development of our country. Some of those are the high cost of doing business, lack of access to medium- and long-term financing, poor infrastructure and logistics support for enterprises and commercial activities, inadequate skilled manpower and limited access to technology, innovation and research,” he said.
Managing Director (MD) of Sentuo Ceramic, Xu Ning Quan, praised President Akufo-Addo and his administration for creating an enabling environment for the business community. In line with the long-term vision of the company, the MD said that over 10,000 direct and 20,000 indirect jobs would be created in the next five years. “There would be new investments in Ghana with attendant technologies that develop skills of local people to help improve the local economy through industrialization and heavy manufacturing with the ultimate aim of reducing importation of goods that can be produced in Ghana.” – he stated.
The company, which is expected to employ about 1,500 employees, will be sourcing 90% of its raw materials from Ghana, mainly from the Central and Western regions.