Alan K promises new dawn for economy

Ghana's economy will shift from commodity-based to industrialisation in the next few years, following ongoing efforts to prioritise investments in petrochemicals, iron and steel industry and integrated aluminium to help drive the country’s new phase of development.

Consequently, the government has outlined eight new strategic pillars as part of its effort to move the economy from commodity exporter to an industrialised one.

The new pillars include; the establishment of a petrochemical industry, an iron and steel industry, an integrated aluminium industry, the expansion of the domestic production of pharmaceuticals and the establishment of a vehicle assembly and automotive industry.

The rest are the production of industrial salt, the establishment of garment and textiles enterprises, and the manufacturing of machinery, equipment and component parts.

These pillars are expected to be