President Mahama, Ato Forson clear path for Ghana’s US$9bn agro-industrial potential

Ghana has identified a major opportunity to transform its agriculture sector into a major processing, manufacturing, and export industry, with the potential to generate over US$9 billion annually and support more than 800,000 jobs. This transformation is supported by President John Dramani Mahama's 24-Hour Economy and Accelerated Export Development programme, which includes tax relief on locally manufactured fruit juices and incentives for machinery and equipment used by qualifying industries.

Additionally, improving macroeconomic stability creates a favorable environment for the development of an agro-industrial sector. The removal of excise duty on locally manufactured fruit juices is particularly significant, as it directly addresses the economic constraints faced by processors, allowing for increased production and investment in the value chain.

The 24-Hour Economy programme further supports this initiative by providing incentives for production, employment, and exports. With proper development across various crops and sectors, Ghana's agro-industrial potential could become a significant contributor to the nation's economy.

Brief written by urgent.news from Daily Guide Network's own syndicated text. Machine-written — may contain errors; check the original before relying on it.