Sunda Ghana Limited is set to establish two more factories under the 1D1F initiative, i.e Homepro Ghana Limited with an investment of $26 million and Sunda Hardware Limited with an investment of $18 million, according to a media statement made by the office of the President, Ghana.
“We have to attract investment into Ghana like YC Chang, people who believe that the investment climate of our country is good, the governance of our country is good, and the opportunities for investment in our country are good,” said Akufo-Addo. “It has to do with creating the conditions for investment in our country, and that is why it is extremely important for government to commit itself to the discipline that would enable it have a strong macroeconomy.”
Apart from establishing a strong macro economy, providing good governance, the President noted that the other important contribution of government to the economic development of Ghana is to make sure that Ghanaian industries, and industries established in Ghana, do not meet unfair competition from others.
“So that is another responsibility of government, to create a level playing field for Ghanaian industries. It is establishing industries here in Ghana that we can get work for our young people. When we continue to depend on imports, we are creating jobs for other people overseas. Let us work hard to create jobs here for our people in Ghana, by encouraging investments like what we are seeing today,” added Akufo-Addo. (PC)
Fibre2Fashion News Desk – India