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Ghanaian manufacturing sector needs protectionism to grow - Dr. Kofi Amoah

Dr Kofi Amoah, the owner of the defunct Global Access and Savings and Loans Limited has proferred some solutions for the underdevelopment in the manufacturing sector of the economy.

He said a policy of protectionism for the infant manufacturing companies in the country will spur growth for the country.

He maintained that the country over the years has operated a liberal economy to avail and it is about time this is changed for the better.

According to him, in the wake of the global competition in the manufacturing sector of the economy, the only way to go is protectionism for the infant companies in the country.

He said there should be a policy of protectionism for the internal infant companies to perfect their trade in the country.

He added that the United States of America has a policy that banned technicians from working for another country.

Companies in the county must be given some form of protectionism, he said.

The Economist by profession and an astute businessman made this call speaking on the ‘Epa Hoa Daben’ show on Accra-based Happy FM.

Ghanaian youth needs jobs and protectionism in the local manufacturing sector will create more jobs for the teeming unemployed youth in the country.

The man who is also the owner of the famous 'Citizen Kofi' added when such protectionisms are offered to the manufacturing companies like Agorwu Furniture, it will lead to the country not importing common furniture into the country and create jobs for the youth.

Ghana must be seen to be a selfish nation that will not allow the heavy importation of foreign products into the country, he said.

He added that all state enterprises must be revived to absolve the situation of unemployment in the country.

'We are a grey nation blessed with a lot of things and we must be seen to do things that will better the lots of Ghanaians' he argued.      

Content created and supplied by: Cecilmenz (via Opera News )

Ghanaian Global Access and Savings and Loans Limited Kofi Kofi Amoah United States of America

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