Audio By Carbonatix
Board Chairman of the Mineral Income Investment Fund (MIIF), Professor Douglas Boateng says Ghana can only achieve its industrialisation drive through proactive planning and mindset change.
He asserts it will take a conscious effort on the part of Ghanaians with strategic and long term focused directional leadership from those in the helm of affairs for the country to become an industrial hub.
According to him, with the appropriate human capital, feeding local factories with an example being the Ekumfi processing factory under the 1 District 1 Factory (1D1F) policy, Ghana can realise its industrialisation agenda.
Spelling out some relevant factors that can help push the country’s industrialisation drive, he stated, “when it comes to the product, it must be what is required by the market, competitively priced, consistency in quality and must be innovative. For businesses to also thrive locally, then there must be political stability with appropriate infrastructure put in place.”
Professor Douglas Boateng gave suggestions on how industrialisation can be reached on a regional level on the continent.
He charged governments to be long-term driven, tackling issues and challenges as a collective, breaking down the artificial trade barriers, and moving away from proudly country-specific initiatives to “Proudly African initiatives" example, “Made in Africa, Produced in Ghana or South Africa or Nigeria, Madagascar, etc.” and educating and encouraging individuals and organizations to think beyond their own communities and national boundaries.
He advised the various governments on the continent to also move away from applying policies and modes of operations that have not yielded positive results.
He urged them to remove state-owned institutions from the various ministries whilst encouraging regional wide Public Private Partnership (PPP).
Africa's first-ever appointed Professor Extraordinaire for supply and value chain management made this submission at the 2022 Executive Insight Series at the Pan African Supply Chain Management Public Lectures.
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