You are here: HomeNews2025 04 09Article 2026337

General News of Wednesday, 9 April 2025

    

Source: www.ghanawebbers.com

Buy made-in-Ghana products - Western Regional Minister urges Ghanaians

The Western Regional Minister, Joseph Nelson, has urged Ghanaians to buy local products. He emphasized the need to support Ghanaian goods to boost the local economy.

"Buy from them, mentor them, partner with them," he said. "Let us empower our entrepreneurs to compete globally." He believes this will help build a resilient economy driven by Small and Medium Enterprises (SMEs).

Nelson spoke at the Chamber Bazaar 2025 in Takoradi. This trade exhibition was organized by the Ghana National Chamber of Commerce and Industry (GNCCI). The event aimed to promote products made by domestic companies.

He noted that the theme, “Empowering and Preparing SMEs for Global Markets,” is crucial today. Businesses must position themselves well for global opportunities. International commerce can help businesses grow through fair trade principles.

The Minister thanked the regional manager and chairman for their efforts in organizing the event. He assured the business community that they would work together to promote development in the region.

Mr. Nelson highlighted that small businesses should inspire others to aim higher. Increased investment and partnerships are essential for growth in the region.

He stated that SMEs are vital to Ghana’s economy. They create jobs, drive innovation, and significantly contribute to GDP.

In the Western Region, SMEs are key players in various sectors like agro-processing and retail. They reflect the creativity and resilience of Ghanaians but face challenges accessing global markets.

These challenges include limited access to finance and modern equipment. Many also lack knowledge about international trade practices and struggle with compliance issues.

To tackle these problems, he proposed multi-faceted strategies that are inclusive and forward-thinking.

First, access to finance is critical. The NDC government plans to establish a Ghana SME Fund for low-interest loans and grants.

Tax incentives will also be improved to ease financial burdens on entrepreneurs.

Second, there will be investments in capacity-building through regional support hubs. These hubs will offer technical assistance, digital skills training, and mentorship opportunities.

Third, supporting businesses in meeting international standards is essential. The government will collaborate with agencies like the Ghana Standards Authority for compliance assistance.

They will enhance digital infrastructure so SMEs can use e-commerce platforms effectively.

Nelson stressed that empowering SMEs means fostering partnerships as well. Local entrepreneurs should connect with international counterparts who can facilitate access to global supply chains.

The Western Region has advantages such as proximity to ports and abundant resources. These must be fully utilized for economic growth.

He commended the GNCCI's initiative and called on all stakeholders—government bodies, financial institutions, and individuals—to support SMEs actively.