{"id":15106,"date":"2026-02-20T12:58:42","date_gmt":"2026-02-20T12:58:42","guid":{"rendered":"https:\/\/gnbcc.net\/?p=15106"},"modified":"2026-02-20T13:05:09","modified_gmt":"2026-02-20T13:05:09","slug":"manufacturing-sector-excited-by-24-hour-policy","status":"publish","type":"post","link":"https:\/\/gnbcc.net\/manufacturing-sector-excited-by-24-hour-policy\/","title":{"rendered":"Manufacturing sector excited by 24-hour policy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">As the country is in the throes of implementing a 24-hour economy policy, the Association of Ghana Industries (AGI) reiterates that the initiative\u2019s success hinges on strengthening local manufacturing capacity and protecting domestic industries from unfair competition.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the end of the AGI National Council Retreat 2026 held in Accra recently, captains of industry threw their full weight behind the policy while calling for deliberate measures to promote value addition, strengthen local supply chains and shield manufacturers from unfair trade practices that undermine jobs and investment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AGI president Kofi Nsiah-Poku said industry and agriculture must form the 24-hour economy\u2019s backbone, stressing that without a vibrant manufacturing base the policy will fail to deliver sustainable employment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIndustry is the engine that will drive the 24-hour economy. Without strong industries, the policy cannot succeed,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The association urged government to accelerate export diversification and move decisively away from exporting raw materials. It noted that Ghana remains heavily dependent on gold, crude oil and cocoa \u2013 which account for about 80 percent of export earnings, exposing the country to external shocks.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AGI called for full-scale local processing into cocoa powder, butter and finished goods. It pointed out that processed cashew, for instance, can generate up to four times the value of raw exports.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Additionally, AGI raised concerns about unfair trade practices, including smuggling, under-invoicing and the influx of substandard imports. It warned that such practices threaten the viability of local factories and discourage expansion under the 24-hour economy framework.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In view of this, they called on the Ghana Revenue Authority and other regulatory bodies to intensify surveillance at borders and unapproved entry points to prevent Ghana from becoming a dumping ground for cheap and substandard goods, especially those that the country has capacity to produce.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AGI\u2019s Chief Executive Officer, Seth Twum-Akwaboah, added that \u201cunfair trade practices, including smuggling and under-invoicing, undermine genuine investors and threaten jobs\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The association urged government to address high electricity tariffs, the cost of credit, infrastructure deficits and access to long-term development finance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Institutions such as Development Bank Ghana and other state-backed financial bodies were identified as critical to providing medium- to long-term funding for industrial expansion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">AGI emphasised the need to develop reliable agricultural value chains to ensure consistent raw material supply for manufacturers. Without stable input supply, industries cannot operate competitively or sustain 24-hour production cycles.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Click <a href=\"https:\/\/thebftonline.com\/2026\/02\/17\/editorial-manufacturing-sector-excited-by-24-hour-policy\/\" rel=\"nofollow noopener\" target=\"_blank\"><strong>here<\/strong><\/a> for source.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As the country is in the throes of implementing a 24-hour economy policy, the Association of Ghana Industries (AGI) reiterates that the initiative\u2019s success hinges on strengthening local manufacturing capacity and protecting domestic industries from unfair competition.<\/p>\n","protected":false},"author":10,"featured_media":15111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"yes","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[153],"tags":[],"class_list":["post-15106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-articles"],"jetpack-related-posts":[{"id":16083,"url":"https:\/\/gnbcc.net\/govt-targets-1400mw-renewable-energy-capacity-by-2030\/","url_meta":{"origin":15106,"position":0},"title":"Gov\u2019t targets 1,400MW renewable energy capacity by 2030","author":"Grace Agorigo","date":"May 29, 2026","format":false,"excerpt":"Government is targeting at least 1,400 megawatts (MW) of installed renewable energy capacity by the end of the decade as part of efforts to reduce energy costs, improve industrial competitiveness and accelerate the country\u2019s transition to sustainable energy. The Ministry of Energy and Green Transition said \u00a0the country currently has\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-22.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-22.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-22.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-22.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2026\/05\/ESQ-Elsie-22.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":13022,"url":"https:\/\/gnbcc.net\/ghana-eu-business-forum-leaflet\/","url_meta":{"origin":15106,"position":1},"title":"Ghana-EU Business Forum Leaflet","author":"Grace Agorigo","date":"May 17, 2024","format":false,"excerpt":"The European Union Delegation in Ghana (EUD), in partnership with the Ministry of Finance (MoF), Ministry of Trade and Industry (MoTI), Ministry of Foreign Affairs and Regional Integration (MFARI), Ghana Exports Promotion Authority (GEPA) and the Ghana Investment Promotion Centre (GIPC), as well as the European Business Chamber (EuroCham), the\u2026","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/10\/2024-05-17_0_aghana_eu.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":14196,"url":"https:\/\/gnbcc.net\/gra-boss-pledges-simpler-more-predictable-tax-regime\/","url_meta":{"origin":15106,"position":2},"title":"GRA boss pledges simpler, more predictable tax regime","author":"Michael Teye","date":"December 4, 2025","format":false,"excerpt":"The Commissioner-General of Ghana Revenue Authority (GRA), Anthony Sarpong, has pledged government\u2019s commitment to a simpler, more predictable and transparent tax system, announcing that major reforms to income tax and Customs laws are in the offing for 2026.","rel":"","context":"In &quot;News Articles&quot;","block_context":{"text":"News Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/GRA-Boss.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/GRA-Boss.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/GRA-Boss.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/12\/GRA-Boss.jpg?resize=700%2C400&ssl=1 2x, 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Articles","link":"https:\/\/gnbcc.net\/category\/news-articles\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/gnbcc.net\/wp-content\/uploads\/2025\/11\/GI.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":15818,"url":"https:\/\/gnbcc.net\/ghanas-economic-stability-came-at-a-cost-but-it-was-necessary-agi\/","url_meta":{"origin":15106,"position":4},"title":"Ghana\u2019s economic stability came at a cost, but it was necessary \u2013 AGI","author":"Grace Agorigo","date":"April 30, 2026","format":false,"excerpt":"The Chief Executive Officer of the Association of Ghana 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