Government has hinted of constructing a machine tooling centre aim at promoting the advancement of Ghana’s technological capability in engineering.
The initiavive was contained in the 2022 budget and econmic police presented to Parliament by Minister of Finance and Economic Planning Ken Ofori-Atta on Wednesday November 17, 2021.
“The CARES program has three key thrusts. The first is to support the private sector, particularly in agribusiness, manufacturing, ICT, and digitalization. The second is to aggressively support entrepreneurship to create job opportunities for the growing and increasingly educated youth. The third thrust is to optimize the implementation of the Government’s transformation agenda for greater results” he noted.
“The priority of the government is to build the nation’s capacity to manufacture machines too to support industrialization and entrepreneurs for job creation and transformation”.
“Specifically, a Foundry which is being established for the manufacture of machine tools is 95 percent complete. The construction of the Machine Tooling Centre will be completed in 2022”.
The centre according to the finance minister, will be managed through a Pubic Private Partnership arrangement.
“The Foundry and Machine tooling centre will be managed through a Public Private Partnership (PPP) arrangement. An ongoing process to engage a private management partner will be concluded in 2022”.
The program when completed will supply some basic agro-processing equipment within five years. Additionally, the program also targets the automobile and mining industries by producing spare parts and developing sub-contracting capabilities to service the emerging automobile assembly industry in the country.
