Mr Osafo-Marfo said the opening of the factory would add 150 direct jobs to the economy adding that the ultra-modern factory could produce over 30,000 metric tonnes of noodle per annum and 8,000 metric tonnes of spaghetti per year.

He said the idea of producing the needs of the country locally was very much in line with government's vision of transforming the economy from extraction and export of raw materials to an industrialized economy anchored on value-addition.

He stated that government had embarked on the transformational agenda through four-thematic areas namely; macroeconomic stability and debt sustainability, infrastructural development, accelerated industrial development and agricultural transformation.

The Senior Minster said it would be difficult to achieve proper results of other policies without macroeconomic stability indicating that no company would survive in an unstable economy where inflation was rising.

He commended the company for taking advantage of the IDIF policy to invest into their operations in Ghana, encouraging management to consider establishing another manufacturing facility in the northern sector of Ghana in order to take advantage of the African Continental Free Trade Area (AfCFTA) which would be fully operational from July this year.

Mr Alan Kyerematen, Minister of Trade and Industry, on his part, said the opening of the factory would help the country save foreign exchange explaining that prior to the establishment of the factory, the company imported the noodles.

Mr Kyerematen added that private capital was the way to go as a country as according to him, through the establishment of such investments, the country would benefit from technology and innovation which was an integral part of industrialization.

He reminded Ghanaians that all leading economies in the World made use of industrialization saying, the top ten leading economies were also the top ten industrialized countries.

Mr Ishmael Ashitey, Greater Accra Regional Minister, entreated management of the company to improve working condition for staff because satisfied employees were more productive and also urged the staff to give off their best.

Mr Mahesh Shah, Managing Director for Dufil Ghana, in a welcoming address, said indomie had become a household name which was evident in the over 250 million packs sold by his outfit in 2019.