KT Hammond Archives - Page 2 of 2

28 Nov

How Will I Be Corrupted By Giving You The License To Import Strategic Products? – K.T Hammond

wontumionlineBusinessimpotation, KT Hammond

The Minister of Trade and Industry, Kobina Tahir Hammond has downplayed suggestions that the strategic products legislative instrument (L.I) will induce corruption at the Ministry. The Ministry hopes the regulation will help the cedi appreciate as well as help grow local industries. Per the proposed regulation, any person seeking to import the selected products will require permission from the Trade Minister. But the Minority in P arliament has described the regulation as a bad policy that must be withdrawn immediately. It says the World Trade Organisation (WTO) frowns on such a policy because it violates its practices. It also says restricting importation…

21 Nov

Gov’t To Ban Importation Of 22 Items Including Rice, ‘Yemuadie’

wontumionlineBusinessBan on importion, KT Hammond

The government through the Trade Ministry is set to lay before Parliament a Constitutional Instrument (C.I) seeking to restrict the importation of some selected items into the country. The sector minister, Kobina Tahir (K.T) Hammond has said the items, numbering about 22, include rice, cement, offal (popularly called “yemuadie” in Ghana), and diapers. KT Hammond who doubles as the Adansi Asokwa Member of Parliament (MP) disclosed this while addressing the media on Monday. “Stomach of animals, bladder and the chunk of intestines (yemuadie), the country puts in an amount of about $164 million towards the importation of these items. We are taking…

25 Oct

1D1F: K.T Hammond Lauds B5 Plus As It Creates 10K Jobs In 3 Years

wontumionlineBusiness1D1F, B5Plus, KT Hammond

A one-district, one-factory (1D1F) entity, B5 Plus Ltd., has increased employment opportunities for over 10,000 youth with different educational backgrounds since the commissioning of phase one of the modernised steel plant in 2021. With an installed capacity of 250,000 tonnes and 60,000 tonnes a year for its rolling mill and prefabricated manufacturing plant respectively, the company also exports a large portion of its products to neighbouring West African countries, saving the country approximately $100 million in foreign exchange which is so critical for economic stability and growth. B5 Plus currently produces 4,000 different lines of products for the West African market.…

19 Sep

1D1F: 126 Factories Now Operational, Over 160k Jobs Created- KT Hammond

wontumionlineBusiness1D1F, KT Hammond

The Minister of Trade and Industry, KT Hammond, has disclosed that 126 projects are currently in operation under the government’s One-District-One-Factory policy. According to him, about 300 established companies are also at the various stages of completion, actively taking part in the supply chain. Addressing the Ghana Industrial Summit and Exhibition 2023, on September 18, organise by the Association of Ghana Industries, KT Hammond, highlighted a number of direct and indirect jobs One-District-One-Factory has provided. “Over 60% of the companies under the One-District-One Factory initiative operating under my ministry, are developing all, implementing similar programmes, which account for the bulk…

20 Feb

New Ministerial Nominees To Be Vetted Today

wontumionlineNewsAkufo-Addo, Appointments Committee, Bryan Acheampong, KT Hammond, Parliament

The Appointments Committee of Parliament will today, Monday, February 20, start vetting President Akufo-Addo’s new ministerial nominees. Expected to appear today are the Minister-designate for Trade and Industry KT Hammond, the MP for Nhyiaeso, Stephen Amoah, the Deputy Trade Minister nominee. Also, Mr Bryan Acheampong, the MP for Abetifi Constituency, the nominee for the Ministry of Food and Agriculture. The Akwapim South lawmaker, OB Amoah has also been nominated as the Minister of State at the Ministry of Local Government. Others expected to appear before the Appointments Committee are Dr. Mohammed Amin Adam and Stephen Asamoah Boateng. President Akufo-Addo made…

07 Feb

KT Hammond To Head Trade, Bryan Acheampong Replaces Owusu Afriyie As Agric Minister

wontumionlineNewsBryan Acheampong, KT Hammond

President Nana Addo Dankwa Akufo-Addo has finally made some changes to his government with MP for Adansi Asokwa KT Hammond picked to replace Alan Kyerematen at the Trade and Industry Ministry. MP for Abetifi Constituency Bryan Acheampong has also been appointed to head the Ministry of Food and Agriculture while Osei Bonsu Amoah has been picked as the Minister of State at the Ministry of Local Government MP for Nhyiaeso and former head of MASLOC Stephen Amoah has been as a Deputy Trade Minister. Mohammed Amin Adam has also been appointed as the Minister of State at the Finance Ministry.…