The President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi, has bemoaned the dwindling fortunes of the manufacturing sub-sector in recent years, warning that the country risks losing its industrial base should the situation remain the same.
Addressing captains of industry and government officials at AGI’s Ghana Industry Awards on December 8, the president pointed to the phasing out of businesses in the textiles, alumina, vehicle assembly, glass manufacturing and those in the processing of agricultural products such as meat, sugar, tomatoes and citrus as evidence of a country which had its manufacturing base deteriorating rather than progressing.
“Industry continues to shrink and we risk losing our industrial base,” he said at the event which was graced by President Nana Addo Dankwa Akufo-Addo. “On the occasion of our 60th anniversary, therefore, we are taking stock of developments in the industry over the past 60 years and I am sorry to say the picture of manufacturing has not been encouraging. “We are actually de-industrialising,” Dr Gyamfi, who is also the Chief Executive Officer of Danadams Pharmaceutical Industry Limited, said at the event.
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