The process of industrialization has only known a forward march since its inception in the 19th and 20th century. The fast pace of this process after the cold war era cannot be overemphasized. Today we are thought to have entered the 4th Industrial Revolution which is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.
It is marked by emerging technology breakthroughs in a number of fields, including robotics, artificial intelligence, blockchain, nanotechnology, quantum computing, biotechnology, The Internet of Things, 3D printing and autonomous vehicles.Unlike the first, second and third industrial revolutions which had specific geographical origins mainly the western world, the 4th industrial revolution seems to have occurred simultaneously across the globe.
Industrialization has been chiefly responsible for urbanization and that comes with its own challenges. Probably the one major advantage of the industrial era is the opportunity to create mass jobs for the populace. The other is the exploitation of natural resources and adding value to create finished products that are needed for direct consumption.The current government has through its flagship policies taken a proactive stance on industrializing Ghana.
The ‘planting for food and jobs’ and ‘the one district one factory’ are two of such policies. Whilst one seeks to push for primary production in agriculture, the other seeks to add value to the raw materials - which is the byproduct of agriculture by engaging industry. There is therefore the need for government to oversee the establishment of strategic value adding industries for processing of outputs from local primary production activities for high end-user markets in the value chain.
This will happen if local content policies are strengthened to empower local participation in this ambitious project and also harnessing international know-how through latest technology in production processes.The summit will touch on many topics that will converge ideas on how to take advantage of international demand for high-end products to grow our industrial sectors.
Topics such as “Value-addition prospects and available capacity in existing industries”, “Utilizing latest industrial technologies in production processes”, “Harnessing the potential of renewable energy as a cheaper source of power for industrial growth”, “Availability of power to feed the value-added industrialization”, “Technology exchange programmes with international partners” would be addressed by seasoned industrialists and financial experts from Ghana and other nations.