President John Mahama says Ghana has the prospective to provide metal to all of the West African sub-region if the rustic succeeds in construction a robust and aggressive home metal revenue.

Speaking on the commissioning of the B5 Plus Limited Steel Manufacturing Plant at Prampram on Friday, February 20, the President defined an formidable imaginative and prescient to put Ghana as a regional metal powerhouse.

He stated the rustic is intentionally transferring up the commercial price chain through prioritising the export of accomplished and semi-finished merchandise as a substitute of uncooked scrap fabrics.

“We are moving up the value chain. We’re exporting finished and semi-finished products, not raw scrap,” he said.

President Mahama connected the industry of the metal revenue to the federal government’s “Big Push” infrastructure programme, which contains heavy earnings in roads and highways, railway business leader, bridges and interchanges, calories transmission strains, inexpensive housing and business parks.

“All these I have mentioned require iron and steel,” he stated.

“Africa is projected to require over $100 billion annually in infrastructure development. West Africa alone faces significant infrastructure deficits.”

According to him, Ghana stands to learn immensely if it develops a robust metal base in a position to assembly each home and regional call for.

“If Ghana develops a strong steel base, we not only build our own roads and bridges, we will also supply steel to the whole sub-region. This is how infrastructure becomes industrial strategy,” he stated.

The President additional highlighted the significance of the federal government’s 24-hour financial environment initiative to energy-intensive industries comparable to metal production.

He published that signing the 24-Hour Economy Authority Bill into regulation is a essential step towards boosting business productiveness.

He famous that B5 Plus Group is anticipated to be some of the first corporations to sign up underneath the 24-hour financial environment programme.

“Steel production benefits from continuous operation to reduce energy wastage, improve efficiency, lower unit production costs, and maximise asset utilisation,” he stated.

President Mahama added that with devoted business tariff reforms, stepped forward grid steadiness and increasing home gasoline provide, Ghanaian producers can perform competitively past conventional running hours.

He disclosed that $110 million has been allotted within the 2026 funds to operationalise the 24-hour financial environment initiative, signalling what he described as the federal government’s seriousness about business transformation.

“When factories run three shifts instead of one, employment rises, productivity increases, and exports expand,” he stated.

The President added {that a} thriving metal revenue, supported through infrastructure earnings and steady manufacturing, would no longer best beef up Ghana’s financial environment but in addition place the rustic as a key business provider inside of West Africa.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made through Readers and Contributors in this platform don’t essentially constitute the perspectives or coverage of Multimedia Group Limited.