Allan Kwadwo Kyeremateng
The Minister for Trade and Industries, Mr Alan Kwadwo Kyeremateng has assured that within the next three years, Ghana will start the production of aluminium and steel.
The steel and aluminum would be derived from the Nhyinahin bauxite.
The trade minister claims the manufacturing of the steel and aluminum will assist local manufacturing companies to boost production thereby making Ghana’s economy favorable for investors.
He stated that raw materials needed to enhance fertilizer production to embolden the country’s agricultural sector under the 1 District 1 Factory initiative will soon benefit from the petrochemical industry, a mechanized branch that produces organic intermediate products such as refinery products, natural gas, plastic, rubber, fibre raw materials from Ghana’s oil and gas.
“The country will get numerous benefits from our oil and gas sector. The creation of the petrochemical industry will help provide raw materials to New Okaff Industries (a manufacturing company in the Ashanti Region) and many others for production. So there won’t be the need to import any from foreign countries”.
“The petrochemical industry will give us materials to produce paints, bitumen, plastics for the country. I can assure Ghanaians that within the next three years, we will be producing aluminium from its own bauxite and steel from our iron ore industry. This will make the production of cars easier in our country,” he said.
The trade and Industry Minister made the revelation at the official commissioning of New Okaff Industries Limited by President Akufo-Addo on Wednesday, 2nd December 2020.
Source: Joseph Marfo