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The National Democratic Congress (NDC) Flagbearer, John Dramani Mahama, has declared that if he wins the December elections, he will impose import restricts on some necessities.
Data that is currently available indicates that imports of products and services account for around 40% of the nation’s GDP (gross domestic product).
At a stakeholder meeting in Accra with members of the Association of Ghana Industries (AGI), Mahama stressed the need for legislation to strengthen assistance for regional companies.
With an emphasis on the downstream aluminum market, he outlined strategies to revive important companies like the Volta Aluminum Company.
The previous President claimed that his government would impose limitations on unrestricted importation of these commodities by increasing local production capacity for these and other things.
“We work to revamp and reignite strategic industries such as Volta Aluminium Company (VALCO) because of the downstream aluminium sector while boosting the production of rice, sugar, tomato, fish, poultry, meat and meat products, vegetable cooking oil, and pharmaceutical products.
“Once local capacity in the production of these and many other products is increased and boosted, we shall place restrictions on the unbridled importation of these items.”
Source: Ghanatodayonline.com
