The Ministry of Finance, Ken Ofori Atta has revealed its intention to maximize exports and consumption of locally manufactured products in the country.
Speaking on the floor of parliament during his presentation of the 2023 budget statement, Ken Ofori Atta explained that the goal could be achieved by supporting private sector businesses through partnerships with existing and prospective businesses to expand, rehabilitate and establish manufacturing plants targeted at producing imported goods such as rice, poultry, and ceramics among others.
He added that, in order to boost local production capacities, his outfit will “cut the inputs of public sector institutions that rely on equals either for inputs or consumption by 50%”.
Ken Ofori Atta also highlighted that plans are underway to bring on board the Ghana Audit Service and Internal Audit Agency to ensure strict compliance and support the aggressive production of strategic subsidiaries, included in the developmental goals disclosed by the President in his last address to the nation.
To promote export capacity in a real sector of the economy, we would expand production capacity and actively encourage the consumption of locally produced rice, poultry, vegetable oil and produced ceramic tiles among others. He added
Story by Mildred Xorlali Babantsi | univers.ug.edu.gh