Trade and Industry Minister Alan Kyeremanten has also sworn-in a seven-member governing body of the Ghana Heavy Equipment Ltd (GHEL).
The company has the sole mission of providing reliable machinery and equipment and excellent after-sales service to all sectors of the economy particularly the agricultural and industrial sectors.
However, due to several challenges, the company has not been able to achieve this mission. The minister therefore tasked the members of the board to embark on the arduous journey to revive this important enterprise to enable it play its key role in supporting the economic transformation of the country.
He said achieving the task would require them to be innovative, comply with good corporate governance practices, explore ways of capitalizing the enterprise and most importantly ensure that they take advantage of opportunities presented by government flagship programmes such as the One District One Factory (1D1F), Planting for Foods and Jobs and the Strategic Anchor Industries.
The minister suggested that the board could, for example, focus on the supply of the requisite industrial machinery that is fit for purpose, eco-friendly, and energy efficient and suited for our climatic conditions to companies such as those operating under the 1D1F programme.
He also advised them to take advantage of the Automotive Development Policy to nurture partnerships for component manufacturing as another way of diversifying their portfolio to revive the company.
The board is chaired by Mr. Ridwan Abass and the members include Mr. Yaw Ntow Ababio, Chief Executive of the company, as well as Dr. Dickson Adomako Kissi. The rest are Mr. Robert Bediako Asare, Mr. Alex Blankson, Chief Alidu Abubakari and Mr. Prince Opoku Edusei.