Made-in-Ghana Agenda: Key To Economic Growth

– Policy reforms critical – AGI Prez

Story: Abdulai SAAKA, Accra

THE President of the Association of Ghana Industries (AGI), Dr. Humphrey Ayim-Darke, has renewed calls for a stronger commitment to the Made-in-Ghana agenda, describing it as a critical pillar for economic resilience, job creation, and long-term industrial growth.

Speaking at the 13th AGI Industry Quality Awards in Accra, Dr. Ayim-Darke stressed the urgency of reducing Ghana’s dependency on imported goods, citing the vulnerabilities it creates in the face of global economic shocks.

“By prioritizing local sources and championing Made-in-Ghana raw materials, products, and services, we not only reduce risks but also stimulate economic growth and create jobs right here at home,” he stated.

His remarks came against the backdrop of ongoing global challenges, including supply chain disruptions, inflation, and currency fluctuations, which have exposed the fragility of economies heavily reliant on imports.

Building Resilient Supply Chains

Dr. Ayim-Darke emphasized that strengthening local supply chains is essential for insulating Ghana’s economy from external shocks. He noted that the country’s dependence on international markets for raw materials, machinery, and essential goods continues to undermine its industrial potential.

“The vulnerabilities we face today stem largely from our over-reliance on imports. Strengthening local supply chains is no longer an option—it is a necessity for survival,” he remarked.

The AGI president highlighted the association’s ongoing collaborations with stakeholders to promote policies that favour local production and procurement. According to him, these efforts have gained traction, with the major political parties committing to initiatives that support Made-in-Ghana goods in their manifestos.

“It is encouraging to see that promoting local production is now a priority for policymakers. However, we must ensure that these promises translate into actionable policies,” he urged.

Advocacy for Policy Reforms

Beyond promoting local sourcing, Dr. Ayim-Darke called for critical policy reforms to address structural challenges hindering industrial growth. He singled out the Ghana Revenue Authority (GRA) Act 891, which ties port transactions to the Bank of Ghana’s biweekly exchange rate fixing, as a key issue requiring immediate attention.

“This policy creates unpredictability for businesses and undermines macroeconomic stability. We are advocating for a review of Act 891 to consolidate the gains we’ve made in recent times,” he said.

Dr. Ayim-Darke revealed that AGI, in partnership with other business groups, including the Ghana Union of Traders Association (GUTA) and the Chamber of Commerce and Industry, is pushing for reforms that will provide stability and predictability for the private sector.

“The cascading effects of this act derail the economic progress achieved each fiscal year. We urge the Finance Ministry to work with the Economic Management Team to propose a restructuring that will better serve the needs of businesses,” he added.

Celebrating Industry Excellence

The AGI Industry Quality Awards, now in its 13th year, provided a platform to honor businesses that have excelled in innovation, productivity, and resilience. Dr. Ayim-Darke commended the winners for their achievements, describing them as torchbearers for the Made-in-Ghana agenda.

“This evening is not just about celebrating success; it is about inspiring all of us to double down on our efforts to build a thriving local economy,” he said.

He also urged businesses to view local sourcing as a strategic advantage, rather than a limitation, adding that the AGI will continue to work with stakeholders to create an enabling environment for domestic production.

A Broader Vision for National Stability

Dr. Ayim-Darke’s address extended beyond economic issues to encompass a call for national unity and stability, particularly as Ghana approaches a crucial election year. He urged all Ghanaians, especially the media, to serve as peace ambassadors and work toward ensuring violence-free elections.

“All of us have a role to play in protecting the peace and stability of our nation. This is our home, and we must love it enough to safeguard its future,” he said passionately.

The Path Forward

As the AGI president outlined the path forward, it became clear that the Made-in-Ghana agenda is not just a slogan but a roadmap for building a resilient and self-reliant economy. By reducing dependence on imports, fostering local innovation, and advocating for policy reforms, Ghana’s industrial sector is poised to navigate the uncertainties of the global economy and emerge stronger.

Dr. Ayim-Darke’s speech underscored the shared responsibility of businesses, policymakers, and citizens to drive this transformation. “Let us seize this moment to champion local production, support one another, and build an economy that can thrive no matter the challenges we face,” he concluded. The 13th AGI Industry Quality Awards not only celebrated the achievements of Ghana’s industrial pioneers but also reaffirmed the importance of collective action in shaping a brighter, more sustainable future for the nation.