26
Wed, Apr

Veep Sells ‘One District One Factory’ in Mauritius

Business & Economy

Vice President Mahamudu Bawumia has made a strong case to the business community in Mauritius to show keen interest in the government’s ‘One District One Factory’ programme.

Vice President Mahamudu Bawumia has made a strong case to the business community in Mauritius to show keen interest in the government’s ‘One District One Factory’ programme.

 

The ‘One District One Factory’ programme is a public-private partnership for ensuring nationwide spread of industrialization in all 216 districts in Ghana. The private sector will provide the investment, but it could be a partnership with if such an investment of public funds is adjudged prudent and advantageous.

Speaking at a Breakfast Business Meeting hosted by the Mauritius Minister for Foreign Affairs, Regional Integration and International Trade, in collaboration with the Board of Investment of Mauritius, Dr Bawumia emphasized the NPP government’s determination to make the private sector a major player in Ghana’s economy.

He therefore called on Mauritius and other businesses to take advantage of the pro-business policies announced in the budget to set up enterprises in Ghana.

“An industrialization drive is our main agenda, the ‘One-District One Factory’ is the programme to achieve this, and the 216 districts have raw materials and need push up to get value addition to the products,” he stated.

“Ghana cannot do it alone, we are in the context of the global economy and need partners that is why we cherish the South-South cooperation between Ghana and Mauritius so much.

“We want to take advantage of the close relationship to make a major mark as far as our respective economies are concerned.

“The government has made a major commitment to build an economy based on production and not taxation. We have abolished a lot of taxes and levies and going to abolish all import duties on raw materials and machinery imported into Ghana” Dr Bawumia said.

Seetanah Lutchmeenaraidoo, Minister for Foreign Affairs, Regional Integration and International Trade, commended Ghana for her commitment to business development, and expressed the hope that Ghanaian businesses would also invest in his country.

Michael Okyere Baafi, Chief Executive Officer of the Ghana Free Zones Board, who was part of a large Ghanaian business delegation at the meeting, was confident that the right building blocks had been put in place for rapid take off.

“The Ghana government has introduced the appropriate legislation and we are optimistic that we will soon see several Mauritian businesses counted among those taking up the challenge of the One District, One Factory Programme. We at Free Zones Board are ready to partner them and make their businesses successful,” Mr Okyere Baafi stated.

Vice President Bawumia was accompanied by Shirley Ayorkor Botchwey, Minister for Foreign Affairs; Ibrahim Awal, Minister for Business Development; Ursula Owusu-Ekuful, Minister for Communications; Reginald Yoofi Grant, Chief Executive Officer of Ghana Investment Promotion Centre and other government officials.

 

 

 

 

 

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