Minister of Energy, Dr. Matthew Opoku Prempeh called for the development of Africa’s green manufacturing capabilities which according to him is one of the key strategies to boost growth, generate decent job opportunities, and create sustainable wealth that will ensure Africa is not left behind. in the development of the global green economy.
Dr. Prempeh made the statement when he addressed the Launch of Africa’s Renewable Energy Manufacturing Opportunities and Progress on the sidelines of Abu Dhabi’s Sustainability week as a keynote speaker on Tuesday, January 17 at the Abu Dhabi Exhibition Centre.
Dubbed “Green Manufacturing in Africa through South-South Cooperation” is an event organized by Sustainable Energy For All to discuss the levers that will enable manufacturing of Green and Renewable Energy Technologies in Africa and strategic partnerships to accelerate efforts for south-south cooperation.
According to Dr. Historically, the manufacturing sector has helped drive rapid economic growth and global change, however, Sub-Saharan Africa has yet to realize the transformative impact of industrialization.
Manufacturing’s contribution to the continent’s GDP, he said, has not experienced significant or stable growth over the past four decades.
“Dependence on the export of raw materials and imported consumer goods supports the economic model used on the Continent, which is a major setback for sustainable development,” he said.
The Minister who is also a Member of Parliament for Manhyia South said the global energy transition agenda should give Africa the opportunity to take concrete and decisive action to redefine our economic model.
“This model must be driven by a value-added and export growth strategy, through green manufacturing that will create the necessary jobs, infrastructure development, increasing export profits and prosperity”. he added
He continued”The African continent is endowed with critical metals like Lithium, Cobalt, Tantalite which are essential to produce clean energy technologies such as Lithium-ion batteries for the power and e-mobility sectors”.
Dr. Prempeh said, When Africa takes steps to change the economic base of the continent, it must not forget the challenges and bottlenecks of limited technological capacity, inadequate human resources, high input costs, high energy deficit, low productivity and weak capital. market.
The attraction of green industry to Africa in his view will allow the continent to leapfrog in the energy transition agenda.
The minister said that Ghana has just launched the US$562.00 billion energy transition framework at the recently concluded COP 27 in Egypt to provide an optimal and sustainable path for security of fuel supply, diverse energy mix and cost-efficient power generation with medium term estimates until the long term. the electricity generation tariff averages US$4.5sen/kwh to accelerate Ghana’s socio-economic development and therefore remains committed in this direction.
“There are better conditions in the Continent, including political stability, market and geographical advantage. Therefore, I call on you ministers and stakeholders here to come up with bold and implementable economic models and solutions that will enable us to realize Africa’s green manufacturing aspirations.
Source: Peacefmonline.com/Ghana
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