Industrial Sector Development Strategies
In the period 2017 to 2021 we will pursue the following:
The NDC Government will accelerate the process for the establishment of the fertilizer plant at Shama in the Western Region using gas from Atuabo, the additional imminent gas to be produced from the TEN and the US$7 billion ENI/Sankofa fields.
We will support the processing of our minerals, especially the refining of gold.
Based on the increased thermal power generation, we will support the private sector to undertake exploitation and refining of the massive iron ore deposits at Oppon Manso in the Western Region, Sheini in the Northern Region, Pudo in the Upper West Region and Kyebi in the Eastern Region.
We will also use the availability of excess power to promote the establishment of plants for glass and bottle-making as well as rubber and ethanol processing factories.
The increased thermal power generation from our natural gas reserves will, in the years ahead, provide the heat energy required for the sustainable manufacturing of ceramics, bricks and tiles.
Our industrialization programme will also focus on light manufacturing in areas such as wood processing, beverages, metallurgical industries, pharmaceuticals, textiles and garments.
The Suame Magazine Industrial Development Organisation (SMIDO), GRATIS, the National Board for Small Scale Industries (NBSSI), KNUST, the technical universities and related organisations will be supported to play a pivotal role in the establishment of industrial estates for the manufacture of machine tools.
The PSC Tema Shipyard (and drydock) has been handed over to the Ghana Ports & Harbours Authority (GPHA) for retooling and modernization. This has already led to an expansion in the business of the shipyard.
During our next term we will seek to make the shipyard the foremost ship-building and repair facility in the Gulf of Guinea.
Small scale on-farm processing to support value-addition to cocoa, oil palm, cotton, mango, shea nut, pawpaw, citrus, sugarcane, pineapple and cashew nuts will underpin our agro-processing industrial strategy as we continue to pursue large-scale agro-processing under the Agenda for Transformation through diversification and value addition.
Commission a feasibility study towards the revival of all Nkrumah era industries, e.g. the Abosso Glass Factory.