Ghana to stop exporting raw materials

Business News of Friday, 16 March 2018

Source: ghananewsagency.org

2018-03-16

Senior Minister, Yaw Osafo Maafo

Mr. Yaw Osafo Marfo, Senior Minister, has hinted on plans by government to halt the export of raw materials from Ghana to enrich other economies.

“There will be no export of raw materials from this country. Government is determined that we are going to have value addition to our raw materials to create employment for our own people,” he said.

Mr. Marfo said this on Thursday at Batsona during the inauguration of the Tema West Municipal Assembly which was carved out of the Tema Metropolitan Assembly (TMA).

Observing the ills that the export raw materials had had on Ghana, he said, “We cannot have a situation in which our raw materials are used to create employment for people elsewhere whilst our people live in poverty.”

He said, “We want jobs for our people. The number one problem we have in Ghana today is unemployment, but we always export our raw materials unprocessed for them to process which brings a lot of revenue and create jobs for their people.”

“So government has resolved that it won’t allow the export of these materials without adding value to them here in Ghana.”.

He said some countries had such a law, and that the government was currently looking at a draft legislation which would demand that all raw materials in Ghana should be processed before exported.

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