Ghana is intensifying efforts to place itself as a regional hub for value-added metal manufacturing, supported by investments in home iron ore processing and sustainable manufacturing strategies.
The nation’s industrial improvement technique and increasing commerce hyperlinks are the main target of Oxford Enterprise Group’s newest International Platform video, produced in collaboration with B5 Plus Group, Ghana’s main metal producer.
The video options insights from Mukesh Thakwani, CEO of B5 Plus Group, who outlines the strategic significance of Ghana’s native iron ore deposits and their function in decreasing uncooked materials shortages, bettering metal high quality and supporting downstream industries.
With metal recognized as a key enter for sectors similar to automotive, building and oil and fuel, Ghana is aiming to scale up home manufacturing capability, create employment alternatives, and advance its long-term industrialisation objectives.
“Ghana is making vital progress in direction of self-sufficiency in metal manufacturing by growing its native assets and rising worth addition.
“This shift not solely strengthens our industrial base but additionally helps retain overseas alternate and generates 1000’s of jobs for Ghanaian staff,” mentioned Mukesh Thakwani.
“With supportive authorities insurance policies similar to anti-dumping measures and ongoing investments in inexperienced applied sciences, we consider Ghana can turn out to be a aggressive exporter of high-quality, sustainable metal merchandise.”
Within the video, Thakwani additionally highlights the challenges related to inexperienced metal manufacturing, notably the excessive price of financing and the necessity for imported applied sciences.
He emphasises the significance of renewable power, scrap steel processing, and power effectivity in constructing a greener, extra resilient metal sector.
Ghana’s geographical place and function as host of the African Continental Free Commerce Space (AfCFTA) Secretariat additional improve its capability to function a gateway for metal exports to the broader African market.
Marc-André de Blois, Director of Video Content material at Oxford Enterprise Group, underscored the broader implications of Ghana’s industrial technique for regional commerce and improvement.
“Ghana’s metal trade displays a wider pattern throughout Africa in direction of value-added manufacturing and intra-regional commerce,” he mentioned.
“By way of this International Platform video, we spotlight how native useful resource improvement, coverage assist and regional integration through AfCFTA are driving structural transformation and financial diversification in Ghana and past.”
This International Platform video was produced by Oxford Enterprise Group in partnership with B5 Plus Group. It gives an in-depth have a look at Ghana’s evolving metal sector and its potential to contribute to sustainable industrial development.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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