You are here: HomeBusiness2025 03 18Article 2018444

Business News of Tuesday, 18 March 2025

    

Source: www.ghanawebbers.com

Ghana government to amend PPA Act and prioritise made-in-Ghana goods - Ghana Business News

The Ghanaian government is set to revise its Public Procurement Act to emphasize the promotion of locally manufactured goods. This initiative aims to bolster the domestic economy by encouraging the use of Ghanaian products in government contracts and public spending. The proposed amendments seek to streamline procurement processes, making it easier for local businesses to compete for government contracts and ensuring that a significant portion of public funds supports homegrown industries.

Officials believe that prioritizing "Made in Ghana" goods will not only stimulate economic growth but also create jobs and enhance self-sufficiency within the country. By fostering an environment where local manufacturers thrive, the government hopes to reduce reliance on imports and encourage innovation among Ghanaians. This move aligns with broader efforts to strengthen local production capabilities and improve overall economic resilience. As discussions around the amendments progress, stakeholders are optimistic about the potential positive impact on various sectors, including manufacturing, agriculture, and services, ultimately leading to a more vibrant national economy.