Invest more in the Ghanaian economy, Akufo-Addo urges private sector players
President Akufo-Addo says he is determined to pursue all efforts aimed at creating an enabling environment for private business to thrive
President Akufo-Addo has called on private sector players in Ghana to expand their investment in the country, arguing that it is the surest way to grow the economy and create the jobs urgently needed by the nation’s youth.
Speaking at the official inauguration of the GB Foods Ghana tinned tomato factory in Tema today (Tuesday 14 March 2023), President Akufo-Addo said his government and the political tradition he belongs to (the Danquah-Dombo-Busia tradition) are natural supporters of the private sector.
He is determined, he said, to pursue all efforts aimed at creating an enabling environment in which private business can thrive.
“The government I lead is a natural cheerleader for the private sector and it is my sincere wish that GB Foods and, indeed, the Ghanaian private sector will continue to invest further in Ghana,” he said.
“Cascading investments in our economy is the most effective way to expand and strengthen it to create the many jobs our young people so urgently want. It will happen soon,” President Akufo-Addo said.
Expand capacity
Touching on the new GB Foods factory being commissioned, President Akufo-Addo said that the expansion of the facility “will not only increase the manufacturing capacity of the company but will also lead to the creation of more jobs for the people of the locality and, indeed, of Ghana”.
“I am excited by the company’s decision not only to source its raw material base domestically, but also to venture into the establishment of industrial farmlands for the processing of tomato concentrate.
“It is my hope and expectation that many more companies will commit to such a development,” said the president.
“I assure the shareholders, management and staff of GB Foods and the people of Ghana that my government will continue to work to create a stable economic framework and positive outlook for businesses.
“We are determined to provide stability to our economy to serve as the foundation for its sustainable and rapid growth.
“The goal of my government remains constant: we aim to unlock the full potential of the private sector and the Ghanaian sense of enterprise to create jobs and prosperity for all Ghanaians and to position Ghana as the preferred investment destination,” the president added.
GB Foods
The history of GB Foods begins with the Gallina Blanca brand, founded in Barcelona in 1937. It was just the beginning of a long and exciting journey.
Today, with a turnover of roughly €1.3 billion and a staff of approximately 3,600 employees, GB Foods is present in more than 50 countries across Europe and Africa.
They include Algeria, Belgium, Finland, France, Ghana, Germany, Italy, the Netherlands, Nigeria, Senegal, Spain and Sweden.
GB Foods has historical brands in each of the countries where it operates, such as Jumbo, Gallina Blanca, Erasco, Gino, Liebig, Star, D&L, Grand’Italia and Blå Band.
Some of these dearly loved brands have been featuring in consumers’ kitchens for more than 150 years, to the point where they are now an integral part of the local culture.
Wilberforce Asare
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