The Association of Ghana Industries (AGI) has urged businesses to align with four strategic pillars, which are; policy stability, infrastructure, innovation, and access to finance as the pathway to unlocking Ghana’s industrial transformation.
Speaking at the 26th Regional Annual General Meeting (AGMl, Regional Chairman Mr. Kwasi Nyamekye said Ghana’s industrial ambitions would only materialize if enterprises grounded their growth strategies on these fundamentals.
He stressed that Ghana must move beyond exporting raw materials to building competitive industries that process and add value locally, positioning the country as a leading exporter of finished goods.
“Policy stability is the foundation of successful businesses. Investors and industrialists need assurance that regulatory changes will not occur overnight,” Mr. Nyamekye said.
“Government must deepen its engagement with AGI and other stakeholders so that policies reflect the realities industries face.”
The AGI Chairman noted that reliable infrastructure and innovation were equally essential pillars, emphasizing that investment in digital infrastructure and the nurturing of innovation ecosystems would determine whether Ghana can compete in global markets.
On financing, Mr. Nyamekye described access to affordable capital as the biggest barrier confronting local industries, particularly small and medium enterprises (SMEs).
With double-digit interest rates choking manufacturers, he urged banks and regulators to design tailored financial products with longer tenures and more manageable repayment structures to allow businesses to grow sustainably.
He further encouraged industry players to embrace technology, adopt sustainable practices, and prioritize workforce skills development to strengthen competitiveness under the African Continental Free Trade Area (AfCFTA).
AGI Chief Executive Officer, Mr. Seth Twum-Akwaboah, said the Association is working to ease the cost and complexity of both domestic and international transactions.
He highlighted efforts through the Export Development Council to build stronger export ecosystems and reaffirmed AGI’s commitment to collaborating with government on the proposed 24-Hour Economy policy.
Mr. Twum-Akwaboah noted that the 24-Hour Economy concept, if designed effectively, could provide industries with the flexibility and efficiency they need to scale operations, tap into export markets, and drive inclusive growth.
