Business News of Tuesday, 9 October 2012

Source: radioxyzonline

Suame Magazine to produce first car by 2016 - Asaga

The Employment Ministry is planning to put up a car-assembling plant at Suame Magazine in Kumasi in the Ashanti region by 2016.

Sector Minister, Moses Asaga believes the plant will boost Ghana’s industrial sector and help address some of the unemployment challenges in the country.

According to him, Ghana can replicate what some of its peers like Malaysia did in the 60’s. Taking his turn at the ‘Meet the Press’ series on Tuesday, Moses Asaga said his dream is to ensure that Suame becomes an industrial hub in Ghana.

The ministry will be organising a fair award engineers in the country who show creativity, promise and expertise in the mechanical and technological industry.

The Minister said “the idea is that Suame Magazine has the capacity to do what we call motor cycle assembling, engine assembly, bicycle assembly and my vision for this particular fair… is that we should be able to construct a plant around Suame Magazine in Kumasi.”

He said government hopes that the plant will produce Ghana’s first vehicle which will be called Suame One, stressing “this is a dream and a vision I want us to implement.”

Meanwhile, over 473,000 public sector workers have so far been migrated onto the Single Spine Salary Structure. This represents 98 percent of the total workforce.

Mr. Asaga says it is left with only 6,000 employees to be migrated onto the new pay policy.