President Akufo-Addo has commissioned the Sunda Ghana Diaper Ltd, the largest diaper making factory in sub-Saharan Africa.
The diaper making factory is operating under the government’s 1 District; 1 Factory (1D1F) programme. He did the commissioning as part of his three-day tour of the Greater Accra region.
The factory is located at the Bortianor, in the Ngleshie Amanfro constituency.
Since the company is operating under 1D1F, it is currently receiving incentives such as tax holidays, import duty waivers and interest rate subsidy to help build its capacity and competitiveness.
The Sunda Ghana Diaper Ltd will be one of the largest projects operating under the 1D1F. It currently has an investment of about $84 million. It is expected that in not time Ghana will be exporting diapers to markets in sub-Saharan Africa.
Addressing the gathering, President Akufo-Addo indicated that “we have to attract investment into Ghana like Mr. Y.C. Chang, people who believe that the investment climate of our country is good, the governance of our country is good, and the opportunities for investment in our country are good.”
Meanwhile, Sunda Ghana Limited is set to establish two more factories under the 1D1F initiative. The 2 are Homepro Ghana Limited with an additional investment of USD$26 million and Sunda Hardware Limited with an additional investment of USD$18 million.
According to the President this means that “the work we are doing to strengthen the macroeconomy in our country is not some paperwork, it is not talk, talk work.”
“It has to do with creating the conditions for investment in our country, and that is why it is extremely important for the government to commit itself to the discipline that would enable it have a strong macroeconomy,” he added.
President Akufo-Addo assured that “so long as I am your President, that discipline is going to be there in the management of the economy. We are not going to preside over widening deficits, high debts, high rates of interest, unstable currency, erratic power supply. That is not the path of the Akufo-Addo government for Ghana.”
He added that it is also the responsibility of the government to ensure that Ghanaian industries, and industries established in Ghana, do not meet unfair competition from others.
“So that is another responsibility of government, to create a level playing field for Ghanaian industries. It is establishing industries here in Ghana that we can get work for our young people. When we continue to depend on imports, we are creating jobs for other people overseas. Let us work hard to create jobs here for our people in Ghana, by encouraging investments like what we are seeing today,” he said.
President Akufo-Addo entreated the Chiefs and people of Bortianor/Ngleshie Amanfro, to “collaborate with our Chinese friends who have shown confidence in our country, and let them see that Ghanaian people know how to conduct ourselves properly, and we know how to conduct ourselves properly.”