The Association of Ghana Industries (AGI) is advocating for improvements in Ghana’s macroeconomic indicators to sustain the 8.2 percent growth recorded in the industry sector during the second quarter of 2024.
Seth Twum Akwaboah, Chief Executive of AGI, highlighted the importance of a stable economic environment for the growth of small businesses at the Inclusive Business and Green Business Forum. He emphasized that favorable conditions, including low inflation and interest rates, are essential for businesses to thrive.
“We need stability in key macroeconomic indicators like interest rates and inflation to ensure the sustainability of businesses,” Akwaboah noted.
He also expressed concern about the underutilization of local production capacities, calling for stronger enforcement of trade policies to protect domestic manufacturers and reduce the over-reliance on imports.
“We have adequate capacity to produce many products locally, yet we still import them, which hurts our local industries. AGI is focused on addressing this issue because local production is key to expanding the economy and creating jobs,” he added.
The forum was organized to promote inclusive and green businesses across the country, supporting sustainable growth in various sectors.
