Dr. Ben Asante, the Chief Executive Officer (CEO) of the Ghana National Gas Company (Ghana Gas), has urged potential investors to join forces in revitalizing the Ghana Cylinder Manufacturing Company (GCMC) by installing a state-of-the-art factory aimed at meeting local demand for gas cylinders, accessories, and cook stoves, with an eye toward future exports.
Speaking at a press briefing organized by the Ministry of Information, Sunday November 17, 2024, Dr. Asante emphasized the importance of investing in the GCMC to enhance domestic manufacturing capacity and create jobs.
“By installing modern, high-tech facilities at the GCMC, we can not only meet the growing demand for cylinders and cooking equipment in Ghana but also position the country as a leading exporter of these products across the West African region,” he explained.
Earlier this year, the President of Ghana approved the acquisition of GCMC by the Ghana National Gas Company, a strategic move that is expected to strengthen the country’s gas infrastructure, ensure local production of essential gas products, and boost the local economy.
Dr. Asante’s call for investment comes as Ghana seeks to create more value in its energy sector and reduce reliance on imports for critical infrastructure.
In addition to this call for investment, Dr. Asante also shared exciting news about Ghana Gas’ cost-saving efforts.
The CEO revealed that Ghana Gas has saved a significant $250 million USD by employing local engineers to work on various gas plants across the country instead of relying on foreign expertise.
This move, he noted, is a key part of the company’s strategy to indigenize the workforce and build local capacity. By investing in training and skills development for local professionals, Ghana Gas has not only contributed to job creation but also reduced operational costs while ensuring sustainable growth in the gas sector.
“These savings are a result of a deliberate policy to empower local talent and reduce the country’s dependence on foreign engineers,” Dr. Asante said.
“Through this initiative, we are not only ensuring the efficient operation of our gas plants but also creating long-term opportunities for our local workforce to thrive.”
Ghana Gas’ successful implementation of this policy is a testament to the company’s commitment to supporting Ghana’s broader economic goals, particularly in fostering a self-reliant workforce and strengthening the energy sector.
Dr. Asante’s remarks come at a crucial time for the country as it continues to explore innovative ways to enhance local industries and reduce the cost of energy production.
The focus on indigenization is expected to yield both short-term and long-term benefits, including greater energy security, improved infrastructure, and more job opportunities for Ghanaians.
With the acquisition of GCMC and the focus on indigenization, Ghana Gas is positioning itself as a leader in the country’s energy sector, ready to play a central role in the nation’s economic development and energy security.
As Ghana continues to make strides toward a more sustainable and self-sufficient energy future, Dr. Asante’s vision of local empowerment and investment in manufacturing is set to have a lasting impact on the country’s economic landscape.
