President Nana Addo Dankwa Akufo-Addo has commissioned the expanded GB Foods Factory at Kpone in the Kpone-Katamanso District in the Greater Accra Region.
At the commissioning ceremony, President Akufo-Addo pledged the government’s determination to continue to unleash the innovative and entrepreneurial instincts of the Ghanaian private sector to drive rapid growth and create jobs.
That, the President said, would always remain the avowed aim of his government to unlock the full potential of the private sector and the Ghanaian sense of enterprise to create jobs and prosperity for all Ghanaians and to position Ghana as a preferred investment destination.
That, avowed determination, he explained is the reason that “the government I lead is a natural cheerleader for the private sector and it is my sincere wish that GB Foods, and, indeed, the Ghanaian private sector will continue to invest further in Ghana.
“Cascading investments in our economy is the most effective way to expand and strengthen it to create the many jobs our young people so ardently want. It will happen, and soon,” he stated.
Whilst acknowledging the government’s limited ability to create jobs, President Akufo-Addo said that was the reason his government continue to put in place measures to reduce the cost of doing business and improve the business environment.
He explained that Ghana had been “modestly successful in making the Ghanaian economy not only one of the most business-friendly economies in Africa but also one of the fastest growing economies in the world between 2017 and 2020, averaging 7% GDP annual rates of growth, up from the 3.4% rate we inherited in 2016, the lowest in two (2) decades.”
But “in spite of upheavals on the global economic terrain, our goal remains constant – and that is to unleash the innovative and entrepreneurial instincts of the Ghanaian private sector to drive rapid growth and job creation. I am confident that we will realise this important goal.”
President Akufo-Addo was excited about the prospects of the expansion of GB Foods which he believes influenced the company’s decisions to source domestically its raw material base, as well as venture into the establishment of two industrial farmlands for the processing of tomato concentrate.
He hoped that many more companies would commit to such a development of investing in the Ghanaian country.
“The government I lead is a natural cheerleader for the private sector, and it is my sincere wish that GB Foods, and, indeed, the Ghanaian private sector will continue to invest further in Ghana.
Rex Mainoo Yeboah, ISD
