The Association of Ghana Industries (AGI) has called for the implementation of deliberate policies to accelerate Ghana’s industrialisation efforts.

The association also urged the government to support the development of local value chains to supply the country's industries.

Dr. Humphrey Ayim Darke, President of the AGI, stressed that industrialisation efforts should focus on the key pillars of the economy that have the potential to create a multiplier effect.

He made these remarks at the 64th Annual General Meeting of the AGI, held at the Accra International Conference Centre (AICC), under the theme: “Navigating the Uncertainties of Our Business Landscape to Sustain Productivity.”

Dr. Ayim Darke noted that Ghana's industrialisation drive has struggled to gain momentum over the years, stating, “We need to re-examine the policies and strategies deployed in the past. It will take deliberate policies to address these concerns.”

He highlighted the ongoing challenges posed by unfair trade practices, which have led to an influx of imported products, including electrical cables, wheat flour, beverages, vegetable cooking oil, and foam mattresses.

He credited the AGI and the Ghana Standards Authority for their efforts in shutting down production sites of sub-standard mattresses.

To combat these challenges, Dr. Ayim Darke advocated for 24/7 monitoring of Ghana’s borders and increased vigilance by the Ghana Revenue Authority (GRA).

He acknowledged the AGI’s support for sustainable environmental management, eco-friendly technology, and green energy but expressed concern over the introduction of the Emissions Levy Act, 2023 (Act 1112), without clear guidelines for local industries.

The AGI President commended the government for the dual benefits of the upfront VAT relief and the in-bond manufacturing dispensation, which deferred duties on imported raw materials.

He also praised the continuation of the VAT waiver on locally produced textiles and the introduction of a VAT waiver on locally manufactured sanitary pads this year, highlighting its positive impact on cash flow for businesses.

Mr. Edward Apenteng Gyamerah, Commissioner of the Domestic Tax Revenue Division, advised industry players to distinguish between policy and tax matters and to engage the GRA on specific tax concerns.

He encouraged businesses to adopt technological advancements to remain relevant and reduce wasteful practices.

Seth Twum-Akwaboah, Chief Executive Officer of the AGI, announced plans to strengthen advocacy efforts and provide more business development services to AGI members, reinforcing the association's commitment to supporting local industries.