The Upper East Regional Coordinating council Director, Alhaji Abubakari Inusah has called on the Ghana Investment Promotion Centre (GIPC) to recommend nonfunctional factories in the region to potential investors.
The Ghana Investment Promotion Centre are currently in the Upper East Regional for a sensitization programme with the aim of creating awareness for the agency and to also identify business opportunities in the region and market same to investors.
Speaking at the Regional Investment Forum in Bolgatanga on behalf of the Regional Minister, Stephen Yakubu, Alhaji Abubakari noted that the region is open for investors because of the many business potentials.
According to him, there are many nonfunctional factories in the region. They include the Northern Star Tomato Factory in Pwalugu and the Bolgatanga meat factory.
“As part of the government’s flagship programme of 1D1F, we are receiving proposals for the revamping of the defang cotton factory at Pusu-Namongo. We have a tomato factory at Pwalungu, the Bolgatanga rice mill and a meat processing factory. We would like GIPC to take a critical look at these facilities and extensively market them for investment. As someone who comes from a business background, I know how important it’s to have the right investment attitude toward our environment.”
Meanwhile, Head of monitoring and evaluation at GIPC Dr. George Asafo-Adjei noted the importance of revamping those defunct factories in the region. Mr. Asafo-Adjei mentioned that GIPC will surely take steps and recommend the factories to potential investors to step in and possibly revamp them for the region.
“We want to assist you to make sure that, whatever plan you have, it could be a plan, it would be an already existing business. Even in the Minister’s speech, he highlighted some of the companies that need to be revamped. They were existing, but now they have gone down. There is a need for us to get them back on their feet. All those things we need to profile them very well and take them out there and sell to a lot of investors who are interested to come and invest in them,” he said.
The GIPC’s Head of monitoring and evaluation at the regional investment forum advised the Residents and business operators in the Upper East region to always consider the availability of market before venturing into any production or business in order to have the needed benefit for the investment.
Source:A1Radioonline.Com|10.1MHZ|David Azure| Bolgatanga|
