By Issah Mohammed, GNA
Accra, Nov. 9, GNA – The Institute of Economic Affairs (IEA) has urged the Government to use Ghana’s proposed partnership with BRICS to attract investment, technology transfers and industrial partnerships to strengthen the country’s productive capacity.
It said deeper engagement with BRICS economies could create opportunities for joint ventures and investment in agro-processing, mineral beneficiation, manufacturing, energy and transport infrastructure.
The Institute said such cooperation could help Ghana move beyond exporting unprocessed or minimally processed commodities and retain a greater share of the value generated from its natural resources.
It made the recommendation in a statement issued on Monday, welcoming the Government’s decision to pursue BRICS partner-country status.
The IEA said Ghana needed investment and expertise to develop productive sectors, adding that stronger relationships with BRICS economies could support industrialisation and domestic capacity development.
“Stronger engagement with BRICS economies could create opportunities for joint ventures, technology transfer, industrial partnerships and investment in the country’s productive capacity,” it said.
Those opportunities, the IEA noted, could also contribute to local employment and the development of domestic capabilities.
The Institute identified agro-processing, mineral beneficiation, manufacturing, energy and transport infrastructure as areas in which Ghana could pursue stronger cooperation.
It said the proposed partnership could also broaden the country’s development-financing options, particularly for addressing infrastructure gaps and strengthening productive sectors.
Engagement with BRICS countries and relevant institutions, including the New Development Bank, where applicable, could provide additional sources of financing and project cooperation, it said.
The IEA noted, however, that the objective should not be to replace existing sources of finance but to expand Ghana’s options and bargaining position.
It urged the Government to establish the necessary institutional and policy frameworks to ensure that the partnership translated into tangible development benefits.
GNA
Edited by Agnes Boye-Doe
9 Nov. 2026
Reporter:Issah Mohammed