The Association of Ghana Industries (AGI) is making a strong case for an improvement in Ghana's macroeconomic indicators.
Chief Executive Seth Twum Akwaboah says this could aid in sustaining the industry sector growth of 8.2 percent recorded in the second quarter of 2024.
Speaking to Joy Business at the Inclusive Business and Green Business Forum, he called for a conducive business environment for small businesses to thrive.
He expressed concern over underutilization of local production capacities, urging stronger enforcement of trade policies to create a level playing field for domestic manufacturers.
“So many factors contribute to this and the key thing is the macroeconomic indicators. We have interest rate, inflation amongst others. All we need is stability and when we get that, we can ensure sustainability. We can only push for a good business environment to keep these businesses running,” he stressed.
He emphasized the need for more robust measures to promote local production, which is crucial for job creation and economic growth.
“We have adequate installed capacity to produce several products locally, and in many cases we even have excess capacity. Yet we continue to import these products, which undermine our local industries”.
“Our concern as AGI is how to address this situation, because producing locally allows us to expand our economy and create jobs,” he added.
The first Ghana Inclusive Business and Inclusive Green Business Forum was aimed at supporting green businesses across the country.
Latest Stories
-
BKQ Foundation supports patients at National Radiotherapy Center
30 mins -
Philadelphia Eagles host historic Flag All-Star game in Ghana
33 mins -
Al Waleed Comprehensive Basic School wins 2024 NFL Flag National Championship
37 mins -
Betway introduces bet saver feature
55 mins -
Prosecute assaliants of Erastus Asare Donkor – GJA
58 mins -
English-born Josh Acheampong frozen out at Chelsea over stalled contract talks
1 hour -
7 forms of self-care you don’t have to feel guilty about
1 hour -
U-17 WWC: Nigeria see off gallant Dominican Republic to top the group
2 hours -
Kwame Poku scores and assists as Peterborough beat Blackpool
2 hours -
NDC wants to taste ‘majority’ for 6 weeks because they know they are losing – Bawumia
2 hours -
NPP’s Free SHS policy has revolutionised education in Ghana – Akatsi Chiefs
2 hours -
NIC issues 5 insuretechs with licenses to roll out digital innovations to deepen coverage
2 hours -
AGI calls for improved macroeconomic indicators to sustain industry sector growth
2 hours -
Will Volta region maintain “NDC stronghold” tag in December polls?
2 hours -
Janet O. Boadi Foundation launched with focus on empowering minds and building Futures
3 hours