President inaugurates 3 factories for Unilever



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President Nana Addo Dankwa Akufo-Addo inaugurated three factories, a biombad plant for factory operations, a dryer for the manufacture of personal care products and an Orals plant built by Unilever Ghana in Tema.

The biombad plant, which produces steam for factory operations, is the second largest utility cost for Unilever Ghana. Currently, it generates steam from fossil fuels, particularly residual fuel oil (RFO).

In his keynote address, President Akufo-Addo called the inauguration of the three impressive plants for Unilever Ghana and the nation and congratulated "Unilever for its continued presence in Ghana and its partnership with the latter for nearly a century . largely beneficial to stakeholders.

"Unilever has become a household name in Ghana, with millions and millions of Ghanaians daily using the products the company produces here in our country. On behalf of the people of Ghana and their government, I express my gratitude to Unilever Ghana Limited for its many years of service to the growth of our country, "he added.

Despite the government's responsibility to create jobs, the president said that the government's active support in this regard was incumbent on everyone, especially the private sector.

President Akufo-Addo badured that the government will continue to work to create a stable economic framework and a positive outlook for the development of Ghanaian companies.

He stressed that the promulgation of the new fiscal rule, which caps the budget deficit to a maximum of 5%, would ensure a debt-to-GDP ratio of up to 65%.

In addition, President Akufo-Addo said that the Presidential Advisory Council on Financial Accountability, composed of renowned economists with independent mind, and the Presidential Advisory Council on Financial Stability, would advise and advise him Would badist in achieving these goals.

"The days when economic indicators have deteriorated and soared are over. The disarray of our public finances, the reason for our recent "marriage" with the IMF, is over.

We are determined to bring stability to our economy that will serve as a foundation for its sustainable and rapid growth, "said the President.

President Akufo-Addo said the government's ultimate goal was to "unleash the innovative and entrepreneurial instincts of the Ghanaian private sector in order to generate rapid growth and job creation", and I am confident that we are on the right track to achieve this important goal. "

Trade and Industry Minister Alan Kyeremanten said the government, as part of its commitment to the private sector, had launched a transformation agenda aimed at revitalizing and transforming businesses and businesses. Ghanaian companies to compete in the global market.

He said the government remains committed to supporting Ghanaian companies and positioning them to attract foreign direct investment.

Ms. Gladys Amoah, Executive Director of Unilever Ghana, said the company had taken a step further to revitalize the production of Pepsodent (toothpaste) and create more job opportunities offering more opportunities. Employment for local suppliers.

Investments made over the years have also helped locate the production of most brands, she said, indicating that the company had purchased more than 90 percent of its materials at present. packaging in Ghana and employed nearly 400 people.

DSI: Rex Mainoo Yeboah

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