Deliberately establish local enterprises to replace relocated companies – AGI to govt

“Deliberately build local enterprises to fill in the gap, as others move out, others will fill in the space.

So Ghanaian enterprises will stand up to that and they will make deliberate conscious efforts, some might be hand-holding.

Because they might not have all the capacity, but technical support in selected priority areas will lead to a balance of payments.

The IMF transitional period is flexible, it gives you room for such interventions, and the structure of the economy will begin to change,” he opined.

The AGI President stressed the need for the government to implement policies that will regulate the importation of goods into the country, thereby instilling confidence in manufacturers about a secure market.

Once they do, in terms of quality, pricing and invoicing, the Ghanaian companies can compete

If you don’t bring in policy and regulate them in the short term, to give confidence back to the producers, that your market is secured, they should produce and expand, we will tax you to match the gap because we are in difficulties.”