Alan: PSIs most successful industrial intervention

Alan: PSIs most successful industrial intervention

President Nana Akufo-Addo’s pick for Trade and Industry Minister, Alan Kyerematen, has said the Presidential Special Initiatives (PSIs) under the erstwhile John Kufuor administration were one of the most successful industrial interventions in the fourth republic.

The PSIs were introduced in 2005 as part of moves to diversify the Ghanaian economy and it was supervised by Mr Kyeremanten who was the Trade Minister at the time.

Mr Kyerematen noted that the programme collapsed due to extreme partisanship and“negative propaganda.”

He made the comments when he appeared before the Appointments Committee of Parliament on Monday.

“The presidential special initiatives were one of the major interventions that the government introduced during our term of office. There were four initiatives – that producing industrial starch from cassava; palm oil industry; then supporting garment and textiles production; and also industrial salt,” he said.

He added: “As far as my understanding goes, beyond the efforts that our first president made in industrialization development by establishing state enterprises, probably the president special initiative is one of the most successful industrial interventions that have been introduced in this country and I say this for one reason because the evidence now shows clearly that those were moves in the right direction.”

 

Abu Mubarik/ Ghanadecides.com

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