Afienya Industrial Park project takes off • Pres Mahama cuts sod, unveils US$10bn plan to boost jobs, industry
PRESIDENT John Dramani Mahama has announced that the government will, from next year, roll out a US$10 billion New Economy Programme aimed at boosting production, creating jobs and accelerating industrial transformation. Under the programme, the government will invest US$2 billion every year for four years into the most productive sectors of the economy. “The New … The post Afienya Industrial…
President John Dramani Mahama has revealed Ghana's ambitious plan to invest $10 billion over four years in the New Economy Programme. This initiative aims to stimulate production, generate employment opportunities, and accelerate industrial development across the nation. The government plans to allocate $2 billion annually to the most productive sectors of the economy, focusing on sectors that promise to create jobs and promote economic growth.
A significant portion of this investment, half of it, will be directed towards agriculture and agro-processing. This strategic allocation seeks to bolster agricultural productivity and transform the agricultural sector into a more modern and efficient industry. The remaining budget will be allocated to the industrial sector, with an emphasis on establishing new free zones and infrastructure that facilitate the smooth flow of goods from producers to markets.
To kickstart this transformative program, President Mahama recently ceremonially broke ground for the construction of a new industrial park at Afienya in the Ningo-Prampram Municipality, located in the Greater Accra Region. This project represents a significant step towards Ghana's vision of a robust industrial base and a thriving economy.
Written by urgent.news from Ghanaian Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
