President Nana Addo Dankwa Akufo-Addo has intimated that the export of raw materials such as manganese and bauxite in the country, has never yielded high-value returns to the country.
He says, projecting development goals on the alter of raw material production, and its raw export to address underdevelopment and poverty is not working.
Speaking at the Takoradi Port as part of his working visit to the Takoradi Harbor on December 8, the President assured, government, will work assiduously to reverse this outmoded economic practice.
Addressing stakeholders at the Takoradi Port, President Nana Addo Danquah Akufo-Addo emphasized that government has been working hard to modernize the Takoradi Port and diversify its reliance on the export of raw materials.
This, he revealed, forms part of strategies being deployed to promote value-addition to natural resources, ostensibly to advance and promote sustainable mining in the country.
For a start, he announced, that government has put in place a five million tonne limit on the quantity of manganese to be mined for export in its raw form.
According to President Nana Addo Danquah Akufo-Addo, the government again intends to place an annual volume limit on the export of raw bauxite as part of activities to sustain operations of the Integrated Aluminum Development Project introduced by government.
He pointed out that the Takoradi Port has an overarching objective of expanding the Ghanaian economy while boosting regional and international trade.