The Association of Ghana Industries (AGI) is calling on the government to do more to support local companies to be able to compete with other businesses on the continent and beyond.
The AGI says support from institutions like the Ghana Export Promotion Authority (GEPA) is critical but more needs to be done to enable local companies to succeed.
Local businesses have often complained about obstacles to their growth such as the high cost of credit as well as unfavorable tax regime.
In an interview with Citi Business News, President of the AGI, Dr. Yaw Adu Gyamfi said the government must put in more effort to build the local industries.
“What we need to do is our government need to help support indigenous companies for these companies to become big companies.
We need to grow larger companies in Ghana, in order for us to become productive to be able to export. As we stand now over 70 percent of all that we consume is imported. In order to make Ghana become competitive, the government must build local companies to become large companies to produce enough products for exports” he said.
