The University of Ghana's Institute of Statistical, Social and Economic Research (ISSER) has highlighted key recommendations in its 2024 budget review, emphasising the need for strategic measures to fully realize the benefits of certain policy initiatives.

1. Electric Vehicles (EVs) Require Infrastructure Investment: ISSER acknowledges the importance of providing relief for Electric Vehicles (EVs) but underscores the necessity of simultaneous investments in complementary infrastructure. The report stresses that without adequate support in areas such as electricity provision and the establishment of charging ports, the potential benefits of EV incentives may remain unrealized. The call for infrastructure investment aligns with ISSER's commitment to fostering sustainable and comprehensive solutions for the promotion of EVs in Ghana.
2. Addressing Challenges in the Textiles Industry: While locally manufactured African prints have enjoyed zero-rated status since 2019, the textile industry faces challenges due to an influx of cheaper imported prints. ISSER recommends that the government introduce additional policy interventions to curb smuggling and enhance productivity in the textiles sector. These measures aim to safeguard the gains made by local manufacturers, promote fair competition, and contribute to the growth of the textile industry.
3. Supporting Local Production of Sanitary Pads: ISSER notes the limited number of local manufacturers of sanitary pads and suggests that tax reliefs alone may have a restricted impact. The institute calls for complementary initiatives to support and increase local production in the sanitary pad industry. ISSER's recommendation aims to ensure that the tax reliefs translate into tangible benefits for both manufacturers and consumers, promoting accessibility to essential hygiene products.
4. Boosting Pharmaceutical Industry Competitiveness: Granting exemptions on the importation of raw materials for the pharmaceutical industry is highlighted as a measure to enhance its competitiveness. ISSER's report suggests that such exemptions can contribute to lowering production costs, encouraging innovation, and strengthening the pharmaceutical sector's role in meeting healthcare needs. The recommendation aligns with ISSER's focus on promoting policies that stimulate growth in strategic industries.
5. Monitoring and Preventing Abuse in Importation: ISSER emphasizes the importance of monitoring and preventing abuse in the importation of semi-finished products. The institute suggests that effective measures be implemented to ensure that exemptions or reliefs granted are not misused, protecting local industries from unfair competition and promoting a level playing field.
   
   As stakeholders await the government's response to ISSER's recommendations, the focus remains on implementing holistic strategies that not only provide policy incentives but also address the accompanying challenges to maximize the positive impact on the Ghanaian economy.