In a strategic move to boost Ghana’s trade, investment, and industrial development agenda, the Minister for Trade and Agribusiness, Hon. Elizabeth Ofosu-Adjare, has officially inaugurated the governing boards of three key institutions: the Ghana Investment Promotion Centre (GIPC), the Ghana Export-Import Bank (GEXIM), and the Ghana Standards Authority (GSA).
The inauguration, which comes at a critical time in Ghana’s economic rebuilding efforts, signals government’s renewed commitment to deepening private sector participation, strengthening quality assurance systems, and enhancing Ghana’s global competitiveness in exports and industrial production.
At the event, Hon. Ofosu-Adjare stressed the government’s determination to create a more investor-friendly environment. She charged the newly inaugurated GIPC board to aggressively promote both local and foreign investment, while ensuring that local content policies do not serve as a barrier to foreign participation. “We want to attract global capital, but we must also protect Ghanaian interests. It is not either-or; it must be both,” she said.
For the GEXIM board, the Minister emphasized its pivotal role in facilitating international trade and financing Ghanaian businesses to expand into global markets. The bank, she noted, will be instrumental in supporting the One District, One Factory (1D1F) initiative and other flagship programmes designed to create jobs and value addition across sectors.
The Ghana Standards Authority, under its newly sworn-in board, is expected to drive the nation’s industrial transformation agenda by upholding high standards in production and service delivery. According to the Minister, quality assurance is now non-negotiable if Ghana is to achieve its vision of becoming a major player in the African Continental Free Trade Area (AfCFTA) and other global trade platforms.
This coordinated move, she concluded, is part of the government’s broader plan to align institutional governance with national development goals, adding that performance, innovation, and results would be the key benchmarks going forward.
By Bawa Musah
Leave a Comment