The President of the Association of Ghana Industries (AGI), Dr. Humphrey Kwesi Ayim Darke, has expressed the importance of investing in the private sector, particularly local industries for economic growth, transformation and sustainability.
He indicated that, successful businesses drive growth, create jobs, and pay taxes that finances services and investment.
Adding that, the private sector generates 80 percent of Jobs, funds 60 percent of investment and provide more than 80 percent of government revenues,
making the private sector the best place to invest.
On the need to invest in local industries, the AGI President indicated that “it's very crucial in these times, taking into accounts the
the challenging times in which we find ourselves. “We see the global economy, still reeling from the COVID 19 devastation and then the Russia's invasion of Ukraine, signaling uncertain outlook in the private sector milieu.”
“Against the difficult backdrop, a variety of economic challenges mount our country, including elevated inflation, high cost of the cedi against the dollar, high cost of fuel and high cost of credit.”
“So this gathering is very strategic, to to find pathways of generating investment and capital to advance our Industries.”
“It is imperative to note that no country can ever industrialise without deliberate policies and programmes to support industries or businesses,”
“The government has a role to play by ensuring that an enabling environment is created for industries to thrive, especially with the African single market opportunity created.” Dr. Kwesi Ayim Darke stated.
The AGI President conveyed that, GISE has become the premiere platform not only for the presentation of industry knowledge and concepts, private sector policies and programs, but also for unique networking opportunities and showcase of products and innovations.
He added that the AGI is impressed with the enthusiasm and support demonstrated by sponsors and patrons over the years, especially the Volta River Authority, NPG, Fidelity Bank, GIZ and the European Union,
as well as the commitment shown by industry players and the business community to place the GISE as a must attend event.
Dr. Ayim Darke further outlined the objectives of the summit, as a promoter of industrial and investment opportunities to invigorate the private sector, which will impact on economic growth thereby enabling local industries to leverage on the possibilities of the Single African Market.
He also expressed the gladness of the AGI, for the introduction of the Development Bank to inject medium to long-term capital to support industries, as advocated by the AGI over the years.
Dr. Humphrey Kwesi Ayim Darke outlined, as he welcomed participants, exhibitors and delegates at the opening of the AGI 5th Ghana industrial
Summit & exhibition actively and keenly involved by captains of industry and the business community.
The Ghana Industrial Summit & Expo under the theme: "Investing in Ghanaian industries to leverage opportunities in the single African Market", is ardently participated by industry players and members of Ghana's business community.
It was opened by the Minister of Trade and Industry, Hon. Alan Kyerematen.
The 3-day event ,at the Labadi Beach Hotel, would end on the 18th
of August, 2022, from 9am-5pm
The 5 objectives of the summit are:
1.To promote innovation and technology, with the aim of enhancing industrialisation.
2.To established and encourage networking between indigenous industrialist and their international counterparts for knowledge sharing.
3.To engage key government agencies in a constructive dialogue, in search of viable solutions to challenges facing industry.
4.To endeavor to gather all sectors of the economy, to chat a common path towards industrial advancement.
5. To create opportunities between sellers and buyers through match making programmes and exhibitions.
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