The Minister-designate for trade and Industry, Alan Kwadwo Kyerematen says the country is on the right track towards achieving import substitution.

According to Mr. Kyerematen, the country is on course regarding it goals in restoring imports with local production.

The Minister-designate noted at the Parliament vetting committee that government’s Industrial Transformation Agenda has record remarkable acquirements in the growth of the economy.

“ The President launches a comprehensive programme for industrial Transformation which my ministry have been leading. Basically, this transformation programme is anchored on two parallel tracks. First to ensure that we produce to export, and secondly that we produce for the purposes of import substitution”.

He indicated that Transformative measures have been put in place which has help in building the size of local businesses to be able to import and produce some products for export.

“And so we have very comprehensive interventions that we have put in place very transformative interventions that are building the capacity of local businesses to be able to import substitutes and even produce some products for the exports”.

Mr. Kyerematen also noted that “So we are already on the right track and that is the basis for our Industrial Transformation Agenda”.