Audio By Carbonatix
The Ghana National Chamber of Commerce and Industry (GNCCI) is calling on government to deploy innovative policy decisions that could inspire an active local presence in the booming retail business.
According to the President of the chamber, Clement Osei Amoako, the wholesale and retail sector will be critical to the promotion of made-in-Ghana goods, hence the need for strategic actions to attract local entrepreneurs to that space.
Speaking at the maiden edition of the Made in Ghana Summit (MIGS 2022) in Accra, he said the current economic dispensation requires policymakers to integrate the wholesale and retail sector into the nation’s economic development programme.
“The domestic wholesale and retail sector is a very significant and dynamic contributor to the Ghanaian economy and must be strategically positioned to engender the patronage of made-in-Ghana products,” he said.
Mr. Amoako added: “New investments and budgetary allocations will be needed to recruit local entrepreneurs into the wholesale and retail sector to structure stylised merchandise of value-added Ghana-made products in the semblance of Shoprite, Game, Palace, Koala, Melcom, Pick & Pay, and Massmart Holdings.”
This, he argued, would offer great potential for future industrialisation, improved manufacturing, job and wealth creation, as well as major benefits for consumers, traders, logistics and transport investors.
“We are in tougher times and this call for timely and proactive measures to mitigate the associated impact and enable local businesses and industries to build resilience,” he noted.
Mr. Amoako said the proposed policy interventions must include strategic collaboration with the media to enhance the image of made-in-Ghana products and services, encourage investments in zero-based resourcing and smart automation technologies that will enable retailers of Ghana-made goods to capture the heart of the youth.
He further urged government to continue working with stakeholders in formulating and implementing policies and programmes that deliver shared growth and prosperity.
The one-day summit on the theme, “Building Strong Ghanaian Brands for Global Competitiveness”, convened stakeholders in the local production space to discuss and proffer workable strategies to improve the consumption and patronage of locally-made products and services to drive the growth of the nation.
Latest Stories
-
We’ve stabilised the economy – Asiedu Nketiah says NDC has laid foundation for jobs and growth
13 minutes -
BoG to sell up to $1bn in August as cedi faces fresh dollar demand pressure
30 minutes -
Maintain this pace, and we’ll retain power – Asiedu Nketiah confident of NDC re-election
41 minutes -
Nigeria’s Dangote refinery aims to raise $5 billion with October listing, source saysÂ
1 hour -
Cameroon’s Biya, unseen for 58 days, reshuffles military leadership
1 hour -
Nigeria’s Tinubu approves military pay rise as security challenges persist
1 hour -
I sleep well because I stand by the truth – Asiedu Nketiah defends tough leadership decisions
2 hours -
Rare monkey’s disappearance signals wider biodiversity crisis in West Africa, scientist warns
2 hours -
Asiedu Nketiah says he has no regrets over Haruna-Muntaka reshuffle
2 hours -
Alcaraz out of Cincinnati Open with lingering injury
2 hours -
AI used new levels of ‘autonomy and deception’ to trick people in safety test
2 hours -
‘I feel like I dug my own grave’: The workers caught in the AI transition
3 hours -
Oil prices fall on hopes Strait of Hormuz could reopen
3 hours -
Saudi-led group completes $55bn purchase of gaming giant EA
3 hours -
Paramount chief executive David Ellison breaks silence on Warner Bros mega merger
3 hours