Mr Ignatius Baffour Awuah, Brong Ahafo Regional Minister has said that the anticipated benefits of globalisation appear to be eluding people in third world countries.
He said the development of cartels in the developed countries to control their highly developed technological feats in production is going to keep the developing countries continually impoverished.
Mr. Awuah was speaking at the 8th Ashanti and Brong-Ahafo Regional annual general meeting of the Association of Ghana Industries (AGI) in Kumasi on Tuesday.
The meeting was under the theme, "Five Years of Private Sector Development, Performance and Prospects".
The Regional Minister said the growth and sustenance of unfair practices like the subsidy for agricultural producers in the developed world who already enjoy highly developed technology with the attendant economy of large scale production leave their world producer prices non competitive on the world market.
He said it was in the light of this that the third world countries need to come together to get one voice within the global village, adding that, "the need to add value to primary products was important if we want a voice on the international market."
Mr Awuah said the New Patriotic Party government was ever prepared to collaborate with industrialists to ensure industrial growth in the country saying, "this is an important component of our growth and poverty reduction strategy.
"We have no alternative. We cannot continue to wallow in the doldrums as exporters of primary products whose prices cannot be predicted over any appreciable length of time", he added.
Mr Thomas W. Bello, the Regional chairman said the prospects of the private sector, which affected the country as a whole was very bright because of the congenial atmosphere to develop.
He however, stressed that this depended upon the fact that the sector must be empowered to compete well on the world market.
Mr. Bello said there was the need for the government to partner with the private sector as an engine of growth with trust and put them in direct control of joint programmes to ensure industrial success in the country.
Source: GNA
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Frank Lampard praises Thomas-Asante’s work ethic despite Coventry loss
17 minutes -
Reschedule loan payments for traders affected by Kantamanto fire – GUTA begs banks
45 minutes -
I’m comfortable in any forward position – Semenyo on preferred role
54 minutes -
This is the best I’ve ever felt – Semenyo on 2024/2025 PL form
1 hour -
Ghana suspends diplomatic relations with Sahrawi Arab Democratic Republic
1 hour -
I trust Mahama to deliver; Ghanaians should have patience with him – Bridget Bonnie
2 hours -
Mahama to hold emergency meeting with energy sector players over threat of dumsor
2 hours -
Accra is 5th most expensive city in Africa in terms of rent
2 hours -
A new chapter for African women’s football with CAF U17 GIFT kick-off in Tanzania
2 hours -
Exit of multinational firms due to high inflation, currency weakness – Deloitte
2 hours -
Constitution’s impeachment provisions for Chief Justice are ‘inadequate’, says Sophia Akuffo
2 hours -
We won’t be a disruptive Minority but will serve the interest of Ghanaians – Gideon Boako
2 hours -
‘Merit over patronage’ – Sophia Akuffo calls for overhaul of Chief Justice selection process
3 hours -
GPL: You have benefited from refereeing decisions – Dreams FC slams Accra Lions for calling for reforms
3 hours -
Deschamps to leave France job after 2026 World Cup
3 hours