June 16, 2024

KT Business

The Business Servicess On for You

Gov’t to ensure business environment eases for manufacturers – K.T Hammond

3 min read

Government is looking forward to easing the working conditions for business owners and facilitating the success of locally produced goods for manufacturers in Ghana.

The government intends to execute this aim by ensuring local production and supply chains are efficient and sustainable for individual producers.

Trade and Industry Minister, Kobina Tahir Hammond, emphasised that the government has not relented on its obligation to facilitate improvements in the business sector. 

The Minister made these assurances during an address at the third edition of the Made-in-Ghana Bazaar, spearheaded by the Ministry of Foreign Affairs and Regional Integration, which took place at the Accra International Conference Centre.

“As a government, we fully recognise and accept our responsibility to continuously facilitate improvement in the business environment. So, the government would ensure that the framework conditions for doing business would ease, exist, and thereby facilitating your continued success, keeping local production and supply chains efficient and sustainable for manufacturers.”

It is for this purpose that K.T. Hammond pledged to make sure that the business regulatory reform bill which his department has presented before parliament becomes effective immediately when it is passed into law if granted the opportunity to push the agenda.

The Minister also said it is important for the government to ensure that all manufacturers are preview of the rules of engagement when they finalise their decision to invest in the country.

Additionally, he expressed the government’s satisfaction with the contribution of private sector stakeholders towards the visualisation of the government’s initiative to transform industries.

“We are indeed grateful to you, the private sector, for keeping faith and responding positively to the NPP government’s bold vision of industrial transformation. It’s your investment and entrepreneurial resilience that have made it possible to come this far.”

The Minister further urged entrepreneurs and industrialists to put their hard-earned money into ensuring the abundance of made-in-Ghana products through the instrumentality of the one district, one factory (1d1f) policy. This, according to him, will help the government create a platform, making sure that their businesses are successful.

As a result, the government has taken a decision to allow private business owners to be granted exemptions from nuisance taxes and other benefits.

That notwithstanding, K.T. Hammond commended the Foreign Affairs and Regional Integration Ministry for revamping the Made-in-Ghana Bazaar and once again bringing together entrepreneurs to help promote Ghana’s heritage with their locally manufactured products.

He re-emphasised that both the private and government sectors can collaboratively build a buoyant and self-reliant economy with a strong industrial environment.

Meanwhile, the 2024 Made-in-Ghana Bazaar is a three-day event that has taken off at the AICC and will be climaxed on Saturday, May 25, with a ‘Jollof War’ between Ghana, Nigeria, and the Gambia. It permits individual exhibitors to showcase their works to patrons and potential investors. This year’s edition is themed “Promoting Made-in-Ghana Goods and Services for Economic Prosperity.”

Watch comprehensive live coverage of the daily activities on the Joy Prime channel, which will be replicated on YouTube (@JoyPrimeTV) and Facebook (@JoyPrime). 

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