AGI Summit: Gov’t committed to supporting enterprises, manufacturing companies – Sampson Ahi

The Deputy Minister of Trade and Industry, Sampson Ahi, reaffirmed the government's commitment to policies that support investment, innovation, production, and job creation. These policies will be implemented across various sectors, including textiles and garment, pharmaceuticals, automotive, and agribusiness. The government aims to convert Ghana's productive potential into real economic opportunities by providing incentives, tax relief, and duty-free machinery imports through the 24-Hour Economy Secretariat and related policies.

To support manufacturing companies, a "1.5-gigawatt renewable energy pipeline" will be established to ensure stable energy supply for energy-intensive industries. The deployment of digital tools is crucial for converting local production into a continental reach, which will determine the next chapter of Ghana's industrial story.

In 2024, the economy attracted $652 million in Foreign Direct Investment (FDI), and an additional $2.63 billion in 2025. The government plans to provide performance-based tax rebates, digital infrastructure support, and other packages to further assist micro, small, and medium-sized enterprises.

The 24-Hour Economy Secretariat will play a significant role in enabling businesses to operate beyond traditional hours, contributing to economic growth. Dr. Pharma Kofi Nsiah-Poku, President of the Association of Ghana Industries (AGI), urged the government to roll out incentive packages to motivate businesses to compete on quality and consistency. The private sector plays a vital role in the country's industrialization agenda, and development partners must continue providing technical and financing support.

The Ghana Revenue Authority (GRA) will continue implementing legal and digital transformation reforms to facilitate trade and resolve business complaints swiftly. The GRA aims to double revenue in the years ahead. The European Union Ambassador to Ghana, Mr. Rune Skinnebach, reiterated the EU's support as a trade partner and emphasized Ghana's potential to become a regional and continental trade hub.

Dr. Ishmael Nii Dodoo, Chief Partnership Officer, 24Hr Economy Secretariat, highlighted the importance of developing the necessary manpower and skills to support the country's economic growth, while the Bank of Ghana continues to invest and support economic activities.