Deputy Minister of Trade and Industry, Michael Okyere Baafi, has said government’s decision to marginally increase import duty on vehicles is part of a strategy to build local capacity for the manufacturing of vehicles in Ghana.
He said currently, Ghana does not have a complete vehicle manufacturing firm. According to him, the automobile companies in Ghana only engage in the assembling of vehicles.
Speaking during a media engagement at Koforidua, Mr. Okyere Baafi, also the MP for New Juaben South Constituency hinted that government is strategically developing the Iron and Steel industry to feed vehicle component manufacturing firms.
He entreated all, particularly spare parts dealers in Abossey Okai to support government’s agenda.
The Deputy Minister said making Ghana a manufacturing hub in the African continent will promote inclusive economic development.
Also, Mr Okyere Baafi said the Ministry is also engaging with cement manufacturers and other stakeholders to come up with a law to regulate the cement industry.
The Deputy Minister indicated that there is no legal regime governing the industry thereby new entrants are faced with unfriendly competition.
Touching on development in the New Juaben South Constituency, Mr Michael Okyere Baafi noted that Koforidua town and community roads will continue to see improvement whiles security in the municipality is being tackled.
Mr Baafi said, the construction of a Police post on the Kassadja Road, Korle Nkwanta and Mile 50 will commence this year to beef up police visibility and reduce the rate of crime within the municipality.
- ECG’s IT department resisting checks and balance moves by MD – Kwadwo Poku
- Akufo-Addo directs SIGA Boss to probe infractions in 2021 Auditor-General’s report
- Mankessim murder: We didn’t commit crime with mason; he only dug hole for burying a victim – Chief
- Scores of residents displaced, others trapped as Weija, Oblogo and Tetegu flood
- Akonta Mining Limited has no permit to undertake any mining operations in Tano Nimiri Forest Reserve – Minerals Commission
- Watch Daddy Lumba break down his hit song ‘Yene Wo Sere Kwa’
- I am still receiving threats from people on social media – KiDi
- NSMQ 2022 launched; fixtures for preliminary stage released
- COCOBOD signs $1.13bn syndicated loan for 2022/2023 cocoa crop season
- Celebrities mourn Ekow Blankson
- Weija-Gbawe Assembly provides safe havens for displaced flood victims
- South Dayi MP donates items to support schools in district
- Pay compensation to affected customers – PURC orders ECG
- Exclusive photos: Hundreds rendered homeless at Ashalaja
- Milovan Rajevac calls for Black Stars unity as World Cup looms
- Allow your partners to fondle your breasts in order to detect cancer earlier – Tepamanhene to women
- ‘There is no plan to ban Ghana’s cocoa’ – EU Ambassador
- Every passing day makes our economic situation worse – Mahama
- ‘I have unfinished business with Black Stars’ – Milovan Rajevac
- BoG assures of cedi stability ahead of festive season in December
- Provident Insurance donates medical equipment to Princess Marie Louise Children’s Hospital
- Edmund Yirenkyi Fianko elected to ITU’s Radio Regulatory Board
- Joy News’ Joojo Cobbinah, NGO sue government over River Offin menstruation taboo
- Illegal mining: Government has failed- Concerned citizen
- Live2Lead Leadership Conference by John Maxwell to be held in Ghana on Oct. 7