Audio By Carbonatix
The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has outlined a series of measures the government plans to implement to operationalise agro-processing plants across several regions, boost exports, and reform business-related laws to strengthen trade, agribusiness, and industrial growth across the country.
Speaking during the Government Accountability Series on Wednesday, January 21, the Minister said the initiatives form part of the government’s outlook for the coming years and are aimed at boosting production, supporting value addition and expanding exports.
Ms Ofosu-Adjare announced that the government will support the establishment of three garment factories in partnership with the private sector.
She said the factories will be located in the Central, Bono East and Eastern Regions. According to her, the move is intended to create jobs and expand Ghana’s light manufacturing base.
She also disclosed plans to fully operationalise seven agro-processing plants across the country. The facilities will be located in the Northern, Central, Ahafo, Bono, North East, Bono East and Western North Regions. She explained that the plants will focus on key value chains, including yam, fish, poultry, cashew nut, rice, shea butter and palm kernel oil.
On export-led industrialisation, the Minister said government will build two cashew processing plants with funding support from the Ghana Exim Bank. The plants will be sited at Jaman North and Aboabo under the President’s Accelerated Export Development Initiative. She said the objective is to “enhance value addition” and reduce the export of raw cashew nuts.
Ms Ofosu-Adjare also announced plans to improve the business environment through regulatory reforms and digital services. She said government will establish “24/7 business registration centres and digital helplines” to make it easier for entrepreneurs to register and operate businesses.
In addition, she disclosed that three key bills – the Consumer Protection Bill, the Competition Bill and the Business Regulatory Reform Bill – are being drafted.
Touching on trade expansion, the Minister said government will “boost exports and strengthen Ghana’s position in regional and global value chains”.
She added that efforts will be made to promote commercial contract farming, agribusiness and value addition. According to her, this will help transform raw materials into finished products for both domestic consumption and export.
She further announced that a five-year Trade Sector Support Programme will be developed to guide policy implementation and investment in the sector.
As part of regional trade integration, she said government will continue to support Ghanaian businesses to take full advantage of opportunities under the African Continental Free Trade Area (AfCFTA).
The Government Accountability Series provides a platform for sector ministers to present mid-year updates and preliminary assessments of the government’s performance, as part of efforts to promote transparency and accountability.
Latest Stories
-
Christina Koch becomes first woman to travel around the moon on Artemis II
9 minutes -
Epstein survivors’ calls to meet King Charles and Queen harder to ignore as US visit approaches
15 minutes -
UN Secretary-General names Ghana’s Anita Kiki Gbeho as South Sudan envoy
16 minutes -
Mali withdraws recognition of Sahrawi Republic, backs Morocco’s autonomy plan
21 minutes -
Gov’t distributes over 8,500 laptops to One Million Coders project
22 minutes -
Julius Debrah, ‘man to beat’ as NDC’s James Agbey dismisses Musah Dankwah’s polls
28 minutes -
GPRTU in Savannah Region to protest alleged eviction in Damongo
57 minutes -
Re: Reinsurance does not replace process — A response to the SIGA–SIC defence
1 hour -
Gender Ministry supports Harriet Amuzu in ongoing abuse case
1 hour -
AG joins plaintiff to scrap OSP ?: We should be mindful of the mischief in this – Bobby Banson
2 hours