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Dr. Kwabena Duffuor Promises to Invest in Palm Oil Industry to Boost Economic Growth and Create Jobs in Ghana

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Former Finance Minister Dr. Kwabena Duffuor has pledged to invest in Ghana’s palm oil industry if elected as the flagbearer of the National Democratic Congress (NDC) in the upcoming presidential primaries. According to him, the palm oil industry has the potential to provide sustainable income for farmers, boost economic growth and create jobs.

Despite Ghana having the potential to become a net exporter of palm oil, the country rather imported some US$1.17billion worth of the commodity between 2019 and 2021, according to trade data obtained from the Oil Palm Development Association of Ghana (OPDAG). Within the same period, Ghana only produced about 850,000 tonnes of palm oil.

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Speaking to delegates of the NDC in Kade, a palm oil producing community in the Eastern region, Dr. Duffuor said the next NDC government will focus on increasing the production of palm oil for the benefit of farmers and the economy. He also assured residents that defunct factories, including the Match factory established by Osagyefuo Dr. Kwame Nkrumah, will be revived.

Dr. Duffuor also promised to continue the NDC’s policy of increasing cocoa production to two million tonnes annually, adding that the party will distribute 20 million cocoa seedlings annually for free. He is contesting in the NDC’s Presidential Primaries, together with former President John Mahama and former Mayor of Kumasi Metropolitan Assembly, Kojo Bonsu.

For the most part, Dr. Duffuor’s campaign message is centered on a rebirth of the NDC to return power to the grassroots, who he says have been neglected contrary to the foundation principles of the party. He has also promised to make the NDC a business-centered party that will own shares in major companies to become financially viable, similar to the ANC party in South Africa.

Dr. Duffuor has also promised to provide monthly salaries to the executives of the party to ensure they are more dedicated to the work of the party. He plans to restore the Heroes Fund, institute a pension scheme for party members, build regional and constituency offices for the party, provide vehicles and other resources to empower the grassroots, and empower women in the party economically.

In conclusion, Dr. Duffuor’s campaign pledges, if fulfilled, could help transform Ghana’s agricultural sector and promote economic growth. His focus on empowering the grassroots and reviving defunct factories could also contribute to job creation and poverty reduction in the country.

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