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CHANNEL NATIONAL CATHEDRAL PRICE RANGE INTO RICE AND SUGAR MANUFACTURING ? TRADE EXPERT

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2 years ago



 

  

A Ghanaian Doctor of Philosophy (PhD) scholar and a change expert, Zankawah Sanusi Kris has admonished President Nana Addo Danquah Akufo-Addo to depart the subjects of God to the clergy and focus on arresting the cutting-edge financial downturn thru industrialization.

Commenting on the arguable National Cathedral mission in a distinctive interview with this reporter, he stated nothing at this factor can keep the face of Ghana withinside the midst of the worsening countrywide crisis, besides a shift in the direction of adopting a protectionist coverage geared toward boosting rice and sugarcane manufacturing.

"Nothing can salvage our financial system at this important degree in preference to embarking on a big industrialization drive. Nigeria in August 2019 applied a protectionist degree via way of means of banning all rice imports and launched into big rice manufacturing, nowadays they're capable of bridging the call for and delivering the hole of rice. So Mr. President the residents want meals and now no longer a Cathedral," he noted.

According to him, the lots-talked-approximately National Cathedral mission is a private promise via way of means of the President and there may be no justification for authorities to make investments of a whopping $four hundred million up from the initial $one hundred million into one of these missions in a round us of a like Ghana.

He's with the organization's conviction that a part of the price range to be allotted for the National Cathedral mission need to be used you obtain flowers for rice processing and cost addition to offer jobs for the teaming youth.

"As of February this year, an entire 40ton/hr rice processing line plant exported to Burkina Faso price approximately $160,000, such records recommend that with only $one hundred million the authorities should procure approximately 625 or lots of those flowers or lots larger ones that can produce 25,000 lots of rice according to hour relieving us of a from a number of the burdens of rice importation and ostensibly the stress it brings on forex reserves.

 

"The final stability of $three hundred million might be channelled into the cultivation of rice and sugarcane and different operation/overhead price to feed those flowers and that of the Komenda Sugar factory," he intimated.

In his analysis, quoting from the Observatory of Economic Complexity (OEC world), Ghana in 2020 on its own imported $151 million well worth of uncooked sugar, turning into the forty fifth biggest importer of uncooked sugar worldwide. Us of an additionally imported $391 million well worth of rice, turning into the twentieth biggest importer of rice globally.

In the identical year, rice importation changed into the third maximum imported commodity withinside us a. Ghana imports rice normally from Vietnam ($282 million), Thailand ($45.five million), India ($27.three million), Pakistan ($20.6 million), and China ($five. ninety five million).

This he stated compels us to outsource employment distorting the outside region via way of means of pushing us a lot deeper into change deficit and stability of charge crisis.

These rice flowers he talked about are energy-friendly, make use of firewood, solar energy, and diesel to energy them, including that," withinside the very last analysis, the authorities could be growing employment, feeding its residents and additionally turning into an internet exporter of rice and sugar with the via way of means of-merchandise from the rice manufacturing used for different financial functions which include sodium for cleaning soap manufacture or rooster feed."

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