Business News of Tuesday, 18 March 2025
Source: www.ghanawebbers.com
The Ghanaian government is set to amend the Public Procurement Act (PPA) to enhance its commitment to supporting locally produced goods. This initiative aims to prioritize "Made in Ghana" products, fostering national economic growth and reducing dependency on foreign imports. During a recent address, the Minister for Trade and Industry emphasized that these amendments are crucial for creating a more favorable environment for local manufacturers. By streamlining procurement processes and ensuring that local suppliers receive preferential treatment, the government hopes to stimulate domestic production and create jobs. The proposed changes are part of a broader strategy to bolster the country's economy by encouraging consumers and businesses alike to choose Ghanaian-made products. This move aligns with ongoing efforts to build resilience within the local market and promote sustainable development. As discussions around these amendments progress, stakeholders from various sectors are being invited to provide input, ensuring that the final legislation effectively addresses the needs of both producers and consumers while enhancing the competitiveness of Ghana’s manufacturing sector.