State Agencies Urged to Align Policies to Transform Ghana’s Economy

Business strategist and economist, Ishmael Yamson, has called on government institutions to end policy contradictions and strengthen coordination in order to accelerate Ghana’s economic transformation and support private sector growth.

According to him, conflicting policies and inconsistent decisions by state agencies continue to undermine efforts to build a resilient and competitive economy capable of driving sustainable development.

Speaking at the Ishmael Yamson and Associates Business Roundtable, Dr Yamson stressed that meaningful economic transformation cannot be achieved if public institutions operate independently without aligning their policies and objectives.

“Government agencies must desist from policy contradictions if we are serious about transforming the Ghanaian economy,” he stated.

He explained that the lack of policy harmony across state institutions often creates uncertainty for businesses and investors, making it difficult for the private sector to plan, expand operations and contribute effectively to national development.

“You cannot have one institution pursuing industrial growth while another introduces policies that frustrate businesses and investors,” Dr Yamson said.

He further noted that economic growth requires a coordinated national approach where all institutions work towards common objectives that support industrialisation, productivity and investment.

According to him, policy inconsistency remains one of the major obstacles to Ghana’s long-term economic progress, particularly at a time when the country is seeking to attract investment, create jobs and strengthen local industries.

Dr Yamson urged policymakers to adopt a more deliberate and collaborative framework that promotes regulatory stability, improves the business environment and encourages innovation across strategic sectors of the economy.

“Economic transformation requires coordination, consistency and a shared national vision,” he added.

The business roundtable brought together industry leaders, policymakers and private sector stakeholders to discuss strategies for accelerating economic transformation and improving Ghana’s competitiveness.

Participants at the forum highlighted the important role of the private sector in driving industrialisation, job creation and economic resilience, stressing that stronger collaboration between government and businesses will be critical to achieving sustainable growth.

The discussions also focused on the need for reforms that reduce bureaucratic bottlenecks, improve investor confidence and create a more predictable policy environment for businesses operating in the country.

Stakeholders further emphasised that policy coherence across government institutions would help strengthen implementation of national development programmes and support efforts to position Ghana as a competitive investment destination within the West African sub-region.