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President Nana Addo Dankwa Akufo-Addo (2nd from left) is driven into the factory by Mr. Nazaire Djako (left), director of the company's supply chain. Pictures: SAMUEL TEI ADANO
President Nana Addo Dankwa Akufo-Addo yesterday inaugurated three new manufacturing plants at Unilever Ghana Limited in Tema.
The facilities are a biombad boiler that will use palm kernel wrappers to generate steam for plant operations, a personal care product manufacturing dryer to support the personal care product manufacturing process, and a bucco care facility. to effectively exploit growth opportunities in the market.
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In summary, the factories should boost the production of the company.
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Speaking at the inaugural ceremony, President Akufo-Addo congratulated Unilever Ghana Limited for its continued and impressive presence in the country.
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He added that for nearly a century, society has been badociated with the state to spur economic growth.
The president urged multinational corporations operating in the country to use their capabilities to support domestic growth, including sourcing locally from raw materials.
"I am excited about Unilever's decision to strengthen its onshore operational capabilities in the country and continue to supply local raw materials," he said.
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He badured that the government will continue to work to create a stable economic environment for businesses to thrive.
Economic stability
President Akufo-Addo said that a new fiscal rule, which caps the budget deficit at 5 percent and guarantees a debt-to-GDP ratio of up to 65 percent, has been adopted.
"We are determined to ensure the stability of our economy as a basis for sustainable and rapid growth," he added.
He stressed that the days when public finances were in disarray and economic indicators were deteriorating were over.
Job Creation
While acknowledging that the government's capacity to create jobs itself was limited, President Akufo-Addo was of the opinion that job creation was primarily the responsibility of the private sector, but with the active support of the government. government.
To this end, he said that the three factories would not only increase the production capacity of the enterprise, but would also lead to the creation of additional jobs for the inhabitants of the locality and the country in general.
Welcoming Unilever's growth and contribution to national development, the president said: "Unilever has become a well-known name in Ghana, where millions of Ghanaians use the company's products daily."
He said it was to help businesses flourish that "My government has decided to build the most business-friendly economy in Africa by removing harmful taxes, reducing utility rates, and improving efficiency." introducing reforms to facilitate the business process in the country. . "
"We have succeeded, albeit modestly, in creating a business-friendly climate, where macroeconomic fundamentals are all heading in the right direction, stimulating growth in the private sector," he added.
President Akufo-Addo said the government's goal was to unleash the innovative and entrepreneurial instincts of Ghana's private sector in order to spur rapid growth and job creation, underscoring his belief that the government was on the point of achieving this important goal.
"The government I lead is a natural cheerleader for the private sector and I sincerely hope that Unilever, and even Ghana's private sector, will benefit from the country's increasingly business-friendly climate to invest more in the private sector. Ghana, "he said.
The president also praised Unilever for its "Unilever Sustainability Plan (USLP)", which aims to improve the health and hygiene needs of people, reduce the impact of activities on the environment. Environment and to improve the livelihoods of the population.
Minister of Commerce
The Minister of Trade and Industry, Mr Alan Kyerematen, congratulated the company for its continued support to the country's business sector and stressed the government's determination to protect it as well as other companies against unfair commercial practices.
He urged Unilever and other private sector players to take advantage of the expanded continental market.
Unilever MD
Ms. Gladys Amoah, Executive Director of Unilever Ghana, said the company would continue to invest in advanced infrastructure and stick to its maintenance practices.
She added that the installation of new plants would help, among other things, reduce the country's imports, while injecting cleaner energy into the company's operations.
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