Mr Speaker, I thank you very much for the space granted me to also make a few comments on the Statement that has been ably made by the Hon Minister for Trade and Industry.
Mr Speaker, let me begin by joining ranks with my Hon Colleagues to congratulate the Hon Minister for this proactive Statement in respect of the intendment of the 1D1F programme. The Hon Minister tells us in clear language the underlying principles of the 1D1F endeavour. At the heart of it is the bold attempt to industrialise the economy. This, as the Hon Minister has indicated to us, is a sine qua non in respect of the economic growth of the country. This country has natural resources, especially our forest cover, our mineral resources, agricultural produce et cetera.
Mr Speaker, only two weeks ago, we were bemoaning the fact that at the turn of the 20th Century, the forest cover of this country was about 8.5 million hectares. Now into the 21st Century and especially now, the forest cover in this country has
dwindled from 8.5 million hectares to 500,000 and 600,000 hectares as we speak today. No thanks to the export of round logs those days.
And even when we introduced some kind of value addition by introducing saw milling, what happened was the fact that the equipment that the millers brought were very inefficient. So if they harvested one log, they could only utilise 30 per cent of the log. The rest of the 70 per cent was waste. The only factory that was able to process more was Mim Timber Company Limited, a branch of it which was utilising about 35 per cent. All the others in the country were doing between 27 per cent and 28 per cent.
Mr Speaker, first, while acknowledging this bold effort by the Hon Minister, we should ensure that the equipment that is brought in would be very efficient.
Mr Speaker, we know what is happening in the mining industry. Obuasi gold was reputed to be the one with the highest quality. Per ounce, it was the best in the world as compared to the mining deposit in South Africa. South Africa was able to develop on the back of their gold reserves. Ghana mined and exported a greater proportion of the gold
reserve at Obuasi, yet we have absolutely nothing to count for.
Mr Speaker, so this bold attempt by the Ministry should be very much commended. Talk of bauxite, manganese, and agricultural produce, we still export so much of raw cocoa beans, and when we are able to even convert them into industrial products, we lose out. We lose out in the sense that Ghana's cocoa is premium. But when we add some value to it, it does not translate into the produce, and so we flatten out and sell out chocolate about the same price as the chocolate that comes from Switzerland or from the United States of America even where theirs have additives. We produce natural cocoa and we are unable to make much gain from that.
Mr Speaker, so I am saying that this bold effort from the Ministry should be commended by all not list the number of employments that it is going to generate. The Hon Minister has been bold to suggest some numbers to us in the region of 282,792 people which they are targeting to be employed directly. This is something that as a nation, we should be commending and I believe that when we have the other linkages, we would perhaps be talking about half a million people that would be
associated with the employment potentials to be derived from the factories that the Minister, the Ministry and the Government is promoting.
Mr Speaker, I heard my Hon Colleague relate to the Free Zones Act. I think underpinning this is article 174 of the Constitution, which grants Parliament the authority to - it provides as follows:
“No taxation shall be imposed otherwise by or under the authority of an Act of Parliament.
Where an Act, enacted in accordance with clause (1) of this article, confers power on any person or authority to waive or vary a tax imposed by that Act, the exercise of the power of waiver or variation, in favour of any person or authority, shall be subject to the prior approval of Parliament by resolution.”
Mr Speaker, so the Act that he referred to was carried by Parliament and the bedrock was article 174. Indeed, article 174(3) further provides:
“Parliament may by resolution, supported by the votes of n o t less than two-thirds of all
members of Parliament, exempt the exercise of any power from the provisions of clause (2) of this article.”
Mr Speaker, that is what my Hon Colleague from Tema West is speaking to. Are we going to follow that rule because of the avalanche of requests from the Ministry of Finance? Are we going to tread that root? If we have to do that, then I would want to agree with Hon Muntaka that in that regard, perhaps we have to design a checklist for them to satisfy and if they approve it, they would have to report to Parliament that this is what they have done.
However, Mr Speaker, the other matter that he related to has it that some of these equipment have been brought into this country since 2019, I disagree with him. This is because the Ministry is setting their own criteria. One has to submit himself to it before they allow the equipment to be brought. If the equipment are brought in anticipation of the Ministry agreeing for tax waiver to be given, that is totally wrong. One cannot anticipate by bringing the equipment and applying to the Ministry, keeping them in the boarding warehouse and applying to the Ministry -- it takes maybe a year or two to have the approval and one would be counting