Mr Haruna Iddrisu, Minister of Trade and Industry has said it is the decision of President Mahama to declare Western Region as Ghana?s next industry hub.

The minister said the president?s decision comes as a result of the availability of mineral resources, presence of port as well as the discovery of oil in the region.


Mr Iddrisu made the remarks at a ceremony on Wednesday, when a Memorandum of Understanding (MoU) was signed between Ghana and PYXERA Global for the Ghana Supply Chain Development Programme (SCD).

The five-million-dollar SCD programme which is funded by the USAID is expected to last for five years.

Speaking at the ceremony, the minister said the agreement with PYXERA Global seeks to provide assistance to Small and Medium Enterprises (SMEs) in Ghana to enable them participate meaningfully in the oil and gas sub-sector within the context of the local content policy law.

He said funding of five million dollars was being made available to cover the SMEs activities within the oil and gas sub-sector, with the possibility of extending both the scope of activities and the amount involved.

?This support is in line with the government?s objective to create the necessary environment that will improve productivity, entrepreneur capacity, innovation and access to finance, as oil and gas development are critical to Ghana?s development.?

Mr Iddrisu noted that with the implementation of the industrial sector support programme,  the ministry aims at increasing the supply, and improving the quality of entrepreneurial and management skills of SMEs.

He said the PYXERA Global will work closely with Enterprise Development Centre, to provide additional training certification to SMEs where needed.

He called for linkages building and partnership to attract foreign invest, and tasked the Association of Ghana Industries, the Federation of Associations of Ghanaian Exporters, and other Ghanaian SMEs, to take advantage of the opportunity offered under the SCD programme.

Gene A. Cretz, United States Ambassador in Ghana, said the MoU was a visible demonstration of the US government?s commitment of ensuring that Ghanaian business had expertise and support needed to bid for, and most importantly, win procurements in the oil and gas sector of the country.

?There can be no clear example of our strongly-held view that local content is a worthy goal and can be mutually beneficial when there is a cooperative process of consultation and shared understanding?, he said.

He called for collaboration among stakeholders to make the goals of the agreement to be met positively.

PYXERA Global creates ground-breaking partnerships between the public, private, and social sectors that leverage the unique attributes of each to create shared value and innovative solutions to complex challenge with initiatives, including a wide range of services from local content development, to global pro bono programs, and integrated community development efforts that transform lives and livelihoods.

Source: GNA


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