Dr. Kodjo Esseim Mensah-Abrampa, Director General of the National Development Planning Commission (NDPC), stressed the need to expand the country’s raw materials with its processing and industrial needs.
He identified a long chain of activity between raw materialswhich he said had not been capitalized for processing, industrial development and exports.
Dr Mensah-Abrampa made the call during the 2022 Regional Annual General Meeting of the Eastern, Volta and Oti Branch of the Association of Ghana Industries (AGI) held at Woraworaon the theme “Promoting local economic development for the African Continental Free Trade Area (AfCFTA)”.
The general manager said that the high volume of exports leads to the inability of industrial activities to develop and create
“Investors need to be able to identify commodities and invest along the chain, ensuring a ready market internally and externally,” Dr Mensah-Abrampa said.
Dr. Mensah-Abrampa said primary product chains, including tourism, agriculture and forestry, can only become economically viable when they are developed and the full chain, including their processing and upgrading, is also stretched.
This, he said, would require a horde of collectors who collect the products of small and medium-sized entrepreneurs for processing instead of looking for a market to sell their products outside the country.
Dr. Mensah-Abrampa identified the Oti region as having a lot of natural resources and highlighted the need to develop the chain of ownership where local people own their potential and then appeal to outside investors.
Mrs. Patience Ableze Acorlor, Director, Tema Export Processing Zone (TEPZ) Admin. Bureau, Ghana Free Zones Authority, said that they have heard of the opportunities in the Oti region and will strategize and properly market the potentials to attract investors.
She said they could attract investors to invest in the region if investors could be assured of the supply of raw materials.
Mr. Dela Gadzanku, Regional President, East, Volta and Oti, said that the AfCFTA was a powerful instrument at our disposal that offered the greatest opportunities for collaborative partnership between public and private actors to unlock the highest dividends. for both actors.
He said a major strategy was to dissolve potential obstacles that hindered the effectiveness of public-private partnership and to accelerate processes that improved performance in the two sub-sectors.