President John Dramani Mahama has called on local manufacturers to expand production, create more jobs, and explore export opportunities across Africa as part of the government's efforts to advance the 24-hour economy initiative. He made the call during an inspection of 3Dreamers Manufacturing in Ghana. The President emphasized that the policy was not only about establishing new factories but also supporting existing businesses to increase production and employ more Ghanaians.
The President said the government's 24-hour economy policy, promised in the National Democratic Congress' 2024 election manifesto, was beginning to create opportunities for local businesses and workers. He explained that supporting existing factories to expand their operations was crucial to generating employment and strengthening the domestic economy. President Mahama identified products such as tin tomatoes and light bulbs manufactured locally as examples of goods with export potential.
President Mahama noted that the African Continental Free Trade Area (AfCFTA) presented an opportunity for Ghanaian businesses to expand beyond the domestic market and access consumers across the continent. He urged local manufacturers to take advantage of the opportunities available in African markets to strengthen Ghana's industrial base. The President commended the young people employed at the factory and encouraged them to demonstrate hard work, discipline, and commitment to support business growth.
According to President Mahama, the success of manufacturing companies depended not only on their owners and management but also on the dedication of their workers. He said that when businesses grow and generate more revenue, they are better positioned to expand production and employ additional workers. The President emphasized that increased exports would enable businesses to generate more revenue, expand their operations, and create additional employment opportunities for Ghanaians.
President Mahama said the government would continue pursuing policies aimed at strengthening the cedi, sustaining lower inflation, and creating a stable environment for businesses to operate. He explained that economic stability was important for manufacturers who depend on imported machinery, equipment, and raw materials to sustain and expand production. The President's objective was to build an economy in which local businesses could produce more, export more, and create decent jobs, particularly for young people.
During the inspection, President Mahama thanked the management and workers of 3Dreamers Manufacturing for their contribution to Ghana's industrial development and urged them to continue expanding production for both domestic and international markets. He encouraged local manufacturers to produce many of the goods consumed in Ghana, reducing reliance on imports while creating opportunities for domestic industries to grow.
The President's visit to 3Dreamers Manufacturing highlights the government's commitment to supporting local businesses and promoting economic growth through the 24-hour economy initiative. The initiative aims to create opportunities for local businesses and workers, and President Mahama's visit is seen as a boost to the manufacturing sector in Ghana.
Key points
- President Mahama urges local manufacturers to expand production and explore export opportunities across Africa.
- The government's 24-hour economy policy aims to create opportunities for local businesses and workers.
- The African Continental Free Trade Area (AfCFTA) presents an opportunity for Ghanaian businesses to expand beyond the domestic market.
