• About
  • Advertise
  • Privacy Policy
  • Contact
Wednesday, October 22, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

It is Important For Countries to Acquire the Capacity to Build Basic Tools And Equipment- President Akufo-Addo

M.Cby M.C
September 1, 2020
Reading Time: 3 mins read
M.Cby M.C
in General News
0
President Akuffo-Addo Launches Three Community Mining Schemes

President of Ghana, Nana Addo Dankwa Akuffo-Addo

The President, Nana Addo- Dankwa Akuffo Addo has said that, it is important that countries acquired the capacity to design and build the basic tools and equipment needed to support their way of life.

The President said this when he laid the foundation stone for the construction of a computerized metal casting factory that will be used to manufacture tools, spare parts and instruments to support various sectors of the economy, adding that, it was his main reason for the project.

He said that, the facilities at the centre would provide technical support for policy initiatives of the government such as the One-district, One-factory (1D1F), which had been established in many districts across the country and provided jobs for the youth.

RelatedPosts

AG Strikes against “Rumble in the Jungle” Corruption Syndicate at Buffer Stock Company

Auditor General Uncovers GHS 2.2bn Ghost Names Scandal at NSA

Specialized Courts, Smart Move by Govt – Dr. Zaato

“More importantly, the centre will put us in a position to develop and grow the talents of skilled and innovative young Ghanaians who graduate from our schools and universities.”

The Foundry and Computer Numerical Control (CNC) Machine Tooling Centre at the Ghana Atomic Energy Commission (GAEC) in Accra will manufacture tools, spare parts, bolts and nuts amongst others to support agriculture, the oil and gas industry, road construction and the automotive industry.

The centre will also help develop moulds to improve on the manufacture of machine parts for automotive and agro-processing implements and facilitate cutting-edge research into foundry technology to provide new materials and processes for Ghanaian foundry industries to remain competitive.

It will further manufacture metal cast products, especially aluminium, for both the local and foreign markets.

ADVERTISEMENT

The President further explained that, the establishment of the centre was a key component of a much broader strategic framework designed to ensure that Ghana’s social and economic development was driven by science, technology and innovation.

The President however disclosed that since 1928, the country’s economy, like those of many countries on the continent, had generally remained structurally rigid, depending largely on the export of primary commodities such as gold, cocoa, bauxite and timber.

He then attributed the situation to the fact that Ghana imported almost all equipment, machinery and parts for its industry, especially the manufacturing sector.

“This has not allowed the manufacturing base of our country to grow and expand and has thus rendered our economy incapable of creating the thousands and thousands of jobs that our young people yearn for to raise their living standards.”

Professor Kwabena Frimpong Boateng
Minister of Environment, Science, Technology and Innovation, Professor Kwabena Frimpong-Boateng

Also speaking at the event, the Minister of Environment, Science, Technology and Innovation, Professor Kwabena Frimpong-Boateng, said the centre would position Ghana to modernize the metal recycling units of small-scale foundries.

He said it would also enable the production of a broad range of metal and plastic elements, adding that many industries needed accurate, consistent and complex parts that only machines that used CNC technology could produce.

President Akufo-Addo, as part of the event, planted a tree and inspected nuclear reactors at GAEC.

Tags: 1D1FAluminiumMetal Casting Factory
Please login to join discussion
Previous Post

Gov’t is working to expand infrastructure at the Airport- Aviation Minister

Next Post

TVET Programme Will Be The Main Engine to Drive The Economy- Professor Alabi

Subscription Form

Related Posts

Mr. Hanan Abdul Wahab, former NAFCO CEO
General News

AG Strikes against “Rumble in the Jungle” Corruption Syndicate at Buffer Stock Company

October 22, 2025
Attorney-General Orders EOCO to Probe NDC Executives Over Galamsey
General News

Auditor General Uncovers GHS 2.2bn Ghost Names Scandal at NSA

October 22, 2025
Specialized Courts, Smart Move by Govt – Dr. Zaato
General News

Specialized Courts, Smart Move by Govt – Dr. Zaato

October 22, 2025
Attorney General and Minister of Justice, Dr. Dominic Akuritinga Ayine
General News

ORAL  Gains Momentum as Seven Major Corruption Investigations Completed

October 22, 2025
Dr. Kwame Asah Asante
General News

Asah Asante Slams Akufo-Addo Over ‘Too Late’ Apology

October 22, 2025
Speaker of Ghana’s Parliament, Rt. Hon. Alban Kingsford Sumana Bagbin
General News

Africans Must Own the Future of the World – Speaker Bagbin

October 22, 2025
Shock for Shareholders As GCB Suspends Approved Dividend Payment
Banking

Shock for Shareholders As GCB Suspends Approved Dividend Payment

by M.COctober 22, 2025
Mr. Hanan Abdul Wahab, former NAFCO CEO
General News

AG Strikes against “Rumble in the Jungle” Corruption Syndicate at Buffer Stock Company

by evansjrOctober 22, 2025
GAEC Intensifies Efforts in Extractive Industries’ Sustainability
Extractives/Energy

GAEC Intensifies Efforts in Extractive Industries’ Sustainability

by Bless Banir YarayeOctober 22, 2025
Hollard Ghana’s Asomdwee Insurance Redefines MSME Protection, Earns Global Spotlight
Insurance

Hollard Ghana’s Asomdwee Insurance Redefines MSME Protection, Earns Global Spotlight

by M.COctober 22, 2025
Attorney-General Orders EOCO to Probe NDC Executives Over Galamsey
General News

Auditor General Uncovers GHS 2.2bn Ghost Names Scandal at NSA

by Silas Kafui AssemOctober 22, 2025
Dangote to Expand Refinery to 1.4 Million Barrels Per Day 
Extractives/Energy

Dangote to Expand Refinery to 1.4 Million Barrels Per Day 

by Prince AgyapongOctober 22, 2025
Shock for Shareholders As GCB Suspends Approved Dividend Payment
Mr. Hanan Abdul Wahab, former NAFCO CEO
GAEC Intensifies Efforts in Extractive Industries’ Sustainability
Hollard Ghana’s Asomdwee Insurance Redefines MSME Protection, Earns Global Spotlight
Attorney-General Orders EOCO to Probe NDC Executives Over Galamsey
Dangote to Expand Refinery to 1.4 Million Barrels Per Day 

Recent News

Shock for Shareholders As GCB Suspends Approved Dividend Payment

Shock for Shareholders As GCB Suspends Approved Dividend Payment

October 22, 2025
Mr. Hanan Abdul Wahab, former NAFCO CEO

AG Strikes against “Rumble in the Jungle” Corruption Syndicate at Buffer Stock Company

October 22, 2025
GAEC Intensifies Efforts in Extractive Industries’ Sustainability

GAEC Intensifies Efforts in Extractive Industries’ Sustainability

October 22, 2025
Hollard Ghana’s Asomdwee Insurance Redefines MSME Protection, Earns Global Spotlight

Hollard Ghana’s Asomdwee Insurance Redefines MSME Protection, Earns Global Spotlight

October 22, 2025
Attorney-General Orders EOCO to Probe NDC Executives Over Galamsey

Auditor General Uncovers GHS 2.2bn Ghost Names Scandal at NSA

October 22, 2025
Dangote to Expand Refinery to 1.4 Million Barrels Per Day 

Dangote to Expand Refinery to 1.4 Million Barrels Per Day 

October 22, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address