JAN 2012 JA Template

You are here: Home News Business Nana Targets SMEs For Dev’t

Studio line: 0031 70 7370507


Studio line: 0031 70 7370507

Wednesday, 10 August 2016 11:56

Nana Targets SMEs For Dev’t Featured

Written by 
Rate this item
(2 votes)




Nana Akufo-Addo, the presidential candidate of the New Patriotic Party (NPP), has reiterated his party’s resolve to focus on industrialization to create more employment opportunities for Ghanaians.

“You have heard me speak about our policy of ‘1-District-1-Factory’. It is an integral part of our policy of rapid industrial development. We have identified over 300 projects across the 216 districts of the country to bring this policy into fruition. We are going to do it, and in so doing, we will give a major boost to the activities of micro and small-scale enterprises in the country.”

Nana Addo was speaking on Monday in Tamale when he addressed an extraordinary general meeting of the Association of Small Scale Industries (ASSI).

He said his administration planned to emulate advanced countries which had succeeded in building their economies through nurturing and supporting the activities of micro and small-scale enterprises.

Nana Akufo-Addo gave examples of economies such as the United States of America, the European Union, United Kingdom, China, Japan, India, Korea and South Africa, which have established small and medium-scale enterprises to create more jobs for the people.

Referring to Germany, for example, which is currently the world’s fourth largest economy, Nana Addo stated that practically all German businesses were small to medium-scale industries, adding that about 3.6 million small industries currently provide more than 60 percent of jobs in that country.

“We will follow this example by expanding opportunities for small businesses in agro-processing, agribusiness, light manufacturing and industrial activity.”

He further said the 1-District-1-Factory policy would go hand-in-hand with the party’s resolve to stimulate private sector investment into a number of strategic, anchor industries, including iron and steel, cement, bauxite and aluminum, petrochemical industry, vehicle assembly and the manufacture of machine parts and equipment.”

Nana Addo was accompanied by Dr. Mahamudu Bawumia and other regional executives of the NPP in Northern Region.

Dependence on oil

Government has consistently relied on the oil sector and high taxes to mobilize revenues.

With the country’s exposure to oil revenue volatility from oil production and the decline in prices recently, government is hard-pressed for money.

According to ACEP, “This is what happens when government plays the ostrich with the oil boom period. For an estimated $484.79 million in petroleum revenues for the first half of the year, government only got $87.15 million.

“This is the lowest revenue Ghana has ever realized since oil production started in 2010. There is no other time to appreciate the signal than now that oil revenues should be invested as capital to aid economic diversification, failing which the budget continues to be revised on account of oil revenue shortfalls.”

High taxes

Government’s introduction of the ‘killer’ taxes has forced many businesses to relocate to neighbouring countries which have rendered many people jobless.

This is because a lot of companies cannot compete on the local market owing to the influx of imported goods whose prices are cheaper than locally made goods.

Source: Daily Guide




Read 5117 times


  • Comment Link JamesLaw Monday, 02 April 2018 16:41 posted by JamesLaw

    can i get viagra over the counter in uk
    generic viagra
    can i buy viagra in mexico
    generic viagra
    cheapest viagra super active
    viagra pills
    how can i stop getting viagra emails
    viagra tablet
    generic viagra by cipla

  • Comment Link Daltonper Monday, 02 April 2018 14:55 posted by Daltonper

    buy viagra abu dhabi
    viagra pills 100 mg
    price of viagra at cvs
    viagra pill
    where to get viagra prescription
    viagra sale
    how to buy viagra canada
    viagra for sale uk
    can prisoners get viagra

  • Comment Link Kate Monday, 02 April 2018 08:07 posted by Kate

    payday personal loan
    loans online application
    online loans direct lenders
    loans online no credit check

  • Comment Link Emersontix Monday, 02 April 2018 05:48 posted by Emersontix

    buy generic cialis professional
    cheap cialis
    cialis for sale in toronto
    buy cialis online
    cheap viagra cialis levitra
    cialis tablets
    cialis pills for women
    cialis canada
    cialis buy online australia

  • Comment Link RobertExire Monday, 02 April 2018 02:16 posted by RobertExire

    safe place to buy cialis online
    cheap cialis
    safe place to buy cialis online
    cialis online
    buy levitra and cialis
    cialis canada
    mail order cialis online
    cialis tablets
    can you split cialis pills in half

  • Comment Link RichardSum Sunday, 01 April 2018 12:18 posted by RichardSum

    cialis usa buy
    buy cialis online
    cialis color of pills
    buy cialis online
    can you take 2 cialis pills
    cialis canada
    buy cialis online germany
    cialis canada
    buy cialis tijuana

  • Comment Link EldonPosSe Sunday, 01 April 2018 11:35 posted by EldonPosSe

    generic cialis buy online
    generic cialis online without script
    url=http //opeyixa.com/qoxoo/2.html cheap cialis /url
    cialis generic
    how to take cialis pills
    buy cialis online
    legal buy generic cialis
    buy cialis
    buy cialis nz

  • Comment Link ArthurImami Sunday, 01 April 2018 03:29 posted by ArthurImami

    cheapest cialis tablets
    buy generic cialis online
    buy cialis
    what do cialis pills look like
    cialis usa
    buy cialis soft tabs
    cialis pills
    cheap indian cialis

  • Comment Link Aaron Saturday, 31 March 2018 23:54 posted by Aaron

    auto insurance quotes
    cheap auto insurance quotes
    cheap auto insurance quotes california
    car insurance quotes allstate

  • Comment Link Esmeralda Saturday, 31 March 2018 04:27 posted by Esmeralda

    car insurance quotes
    auto insurance companies
    car insurance comparison
    auto insurance quotes online


Leave a comment

Make sure you enter the (*) required information where indicated. HTML code is not allowed.