Govt to restrict state institutions from importing goods that can be produced locally

The government plans to introduce a new policy. This policy will require state institutions to buy certain goods locally. These goods include rice and sugar. Special approval from the Office of the President is needed for outside purchases.

Dr. Cassiel Ato Forson, the Minister of Finance, announced this during a meeting with the Association of Ghana Industries (AGI). He described it as part of efforts to strengthen local industries. The goal is to create jobs and reduce reliance on imports.

Dr. Forson stated that a list of items for local procurement will be published soon. He emphasized that any government purchase from abroad will need special approval.

He questioned why Ghana imports basic commodities like rice and sugar. He believes Ghana can produce these items locally.

According to Dr. Forson, meaningful development requires a strong industrial foundation. While trade is important, he stressed the need for policies supporting domestic production.

He also expressed concerns about smuggling affecting local businesses. Illegal imports are undermining local manufacturers.

“The government has identified smuggling routes,” he said. Measures will be introduced to prevent illegal goods from entering the market.

As part of an industrialization drive, Dr. Forson proposed working sessions with private sector leaders. They will discuss how businesses can benefit from the government's 24-hour economy program.

Dr. Humphrey Ayim-Darke, AGI President, welcomed this initiative. He called it a positive step for revitalizing manufacturing in Ghana.

He noted that ongoing dialogue between the government and industry stakeholders is essential. This collaboration can help address challenges faced by local producers.