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Upper East receives proposals to revamp four factories

The Upper East Region has received proposals from potential investors to revamp four defunct factories in the Region, Mr Stephen Yakubu, the Regional Minister has said.

Date Created : 6/29/2022 12:00:00 AM : Story Author : Ghanadistricts.com

The factories include the Cotton Company at Pusu-Namongo and the Pwalugu Tomato Factory both in the Talensi District, the Rice Mill in the Bolgatanga Municipality and the Meat Processing Factory at Zuarungu in the Bolgatanga East District.

According to the Regional Minister, lots of proposals were received from potential investors from within and outside the region, who had shown interest in the Factories, and said the Regional Coordinating Council was working closely with them to ensure the defunct factories were revamped to boost the economy of the Region.

Mr Yakubu said this in a speech delivered on his behalf by the Regional Coordinating Director, Abubakari Inusah Alhaji at a Regional Business Sensitization Workshop organized by the Ghana Promotion Investment Centre (GIPC) in Bolgatanga.

He said the Region was ever ready to partner any potential investor, “Let me, therefore, cease the opportunity to assure the GIPC that we are ever ready to support initiatives which undoubtedly minimize if not eradicate abject poverty through job creation.”

The Minister said the region was blessed with many human and natural resources which ranged from water bodies for irrigation purposes, mineral deposits such as gold and several rocks for quarry and tourist attractions.

He noted that in spite of the land tenure system in the Region, there were sufficient litigation free lands available for investments, and reiterated his advice to the Municipal and District Assemblies to acquire lands to attract and facilitate investments to their areas.

In his address to the business community, Dr. George Asafo Agyei, the Head of Monitoring and Evaluation of the GIPC said the foremost function of the institution was to advertise the investment potentials in the country.

He called on foreign investors with little knowledge in the Ghanaian business environment to partner with local investors to create jobs for the teeming youth