Government to ensure business environment is easier for manufacturers – KT Hammond

The government hopes to improve working conditions for business owners and facilitate the success of locally produced products for Ghanaian manufacturers.

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

The Minister of Trade and Industry, Kobina Tahir Hammond, stressed that the Government has not relented in its obligation to facilitate improvements in the business sector.

The Minister made these statements during a speech 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 recognize and accept our responsibility to continually facilitate improvement in the business environment. “The government would therefore ensure that the framework conditions for doing business were facilitated, existed and would therefore facilitate its continued success, maintaining local production and efficient and sustainable supply chains for manufacturers.”

It is for this purpose that KT Hammond has pledged to ensure that the Business Regulatory Reform Bill his department introduced to Parliament comes into effect immediately after it becomes law if it is given the opportunity to drive the agenda.

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

He further expressed the government’s satisfaction over the contribution of private sector players in visualizing the government’s initiative to transform industries.

“Indeed, we are grateful to you, the private sector, for keeping the faith and responding positively to the NPP government’s bold industrial transformation vision. It is their investment and business resilience that have made it possible to get here.”

The Minister further urged businessmen and industrialists to invest their hard-earned money to ensure the abundance of Ghana-made products through the one district, one factory (1d1f) policy. This, according to him, will help the government create a platform that ensures the success of their businesses.

As a result, the government has made the decision to allow private business owners to obtain exemptions from annoying taxes and other benefits.

However, KT Hammond commended the Ministry of Foreign Affairs and Regional Integration for renovating the Made in Ghana Bazaar and once again bringing together entrepreneurs to help promote Ghana’s heritage with their locally made products.

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

Meanwhile, the Made in Ghana Bazaar 2024 is a three-day event that began at the AICC and will culminate on Saturday, May 25 with a ‘Jollof War’ between Ghana, Nigeria and the Gambia. It allows individual exhibitors to show their works to potential sponsors and investors. This year’s edition is themed “Promoting Ghanaian Made Goods and Services for Economic Prosperity.”

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

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