By Morkporkpor Anku
Accra, Oct. 30, GNA – The Government has pledged to strengthen industrial policies, support local production and expand export opportunities to translate Ghana’s economic stability into sustainable growth for businesses.
Mr Kwame Oppong-Ntim, the Director of Agribusiness at the Ministry of Trade, Agribusiness and Industry, said the Government was prioritising productive investment, industrialisation and export development.
He made the remarks on behalf of the Minister for Trade, Agribusiness and Industry at the 50th Annual General Meeting (AGM) of the Ghana National Chamber of Commerce and Industry (GNCCI), held in Accra.
Mr Oppong-Ntim congratulated the Chamber on its golden jubilee and commended it for its contribution to business development and constructive dialogue between the Government and the private sector.
Mr Oppong-Ntim said the AGM’s theme, “From Stability to Growth: Promoting a Resilient and Future-Ready Private Sector,” reflected the need to translate macroeconomic stability into improved business conditions, increased production and sustainable employment.
He said the Government was pursuing initiatives, including the 24-Hour Economy and export development programmes, to increase productive capacity, strengthen domestic supply and improve market access.
The initiatives were expected to help businesses make better use of existing capacity, expand operations and contribute more significantly to national economic growth.
Mr Oppong-Ntim said the Government was also developing and implementing industrial policies to address production constraints, including difficulties businesses faced in securing adequate raw materials.
He said policies covering pharmaceuticals, textiles and garments, automotive components and other manufacturing activities were intended to strengthen local industries, promote value addition and expand domestic production.
He said the Government remained committed to working with the Chamber and the wider private sector to strengthen domestic production, increase value addition, attract investment, expand exports and create jobs.
He urged members to use the AGM to identify practical opportunities for collaboration with the Government, saying the success of industrial policies would depend on translating commitments into productive investments, thriving businesses and improved livelihoods.
Mr Stéphane Miezan, the immediate past President of the Chamber, said the high cost of doing business, limited access to credit and energy costs remained major challenges, while illegal mining continued to damage water bodies, farmlands and communities.
He urged the Government to strengthen the Micro, Small and Medium Enterprises Credit Guarantee Scheme, expand financial support through Development Bank Ghana and the Women’s Development Bank, and reform the energy sector to reduce production costs.
Mr Miezan said the Chamber had established its Women and Youth Wing and GNCCI TV to promote entrepreneurship, mentorship and market access, alongside junior chambers at four tertiary institutions to equip young people with entrepreneurial skills.
He said the Chamber had also supported businesses through trade fairs, trade missions and partnerships, hosted the Federation of West African Chambers of Commerce and Industry Summit in Accra, and strengthened efforts to connect Ghanaian firms with international markets.
Mr Miezan, who said members elected a new executive team on October 22, 2026, pledged a smooth transition and urged members to support the incoming leadership, adding that the Chamber’s mission was bigger than any individual presidency.
He said the 50th anniversary should mark a renewed commitment to a resilient and future-ready private sector, with the Chamber continuing to advocate policies that helped businesses grow, create jobs and contribute to national development.
GNA
Edited by Benjamin Mensah
Reporter: Morkporkpor Anku
Email address: [email protected]