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Government creating enabling environment for businesses to thrive – Trade Minister
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, says government has created an enabling environment for businesses and exporters to grow and thrive.
She made the remarks during a working visit to Kasapreko PLC, where she interacted with management and staff of the company.
According to the Minister, Ghana’s macroeconomic indicators have improved significantly, making it easier for businesses to plan and operate.
“When I became Minister, industry players were worried about the exchange rate and how it affected pricing and working capital. Today, that is no longer the case. The economy has done well, and the cedi has appreciated,” she said.
Ofosu-Adjare noted that government’s economic recovery efforts under President John Dramani Mahama have stabilised the business environment, a development she said is already reflecting positively in the operations of local industries.
She explained that her ministry has adopted a deliberate approach of engaging exporters regularly to understand their challenges and address them promptly.
One of such issues, she said, was the time frame for the repatriation of export proceeds, which has since been resolved to help businesses improve cash flow.
The Minister expressed excitement about Kasapreko’s expansion plans, stressing that government is not only focused on attracting foreign direct investment but also committed to supporting Ghanaian-owned businesses.
“My presence here shows that I am interested in local businesses expanding and taking their rightful place in the industry,” she said.
She added that local entrepreneurs invest in Ghana, live in the country, and contribute directly to national development, and therefore deserve strong government support.
Ofosu-Adjare assured Kasapreko PLC of government’s continued support to ensure its growth and sustainability.
She revealed that she would engage the Ghana Water Company to address water supply challenges facing the company.
Management of Kasapreko PLC welcomed the Minister’s visit and commended government for policies that have helped stabilise the economy and improve business confidence.
By: Jacob Aggrey
Ghana Tourism Authority is leading Ghana’s participation at ITB Berlin, which opened in Berlin with a vibrant national pavilion highlighting Ghana’s rich cultural heritage, tourism destinations and investment opportunities.
March 5 has been designated as Ghana Day, a special platform to promote Ghana’s languages, cuisine, Kente, festivals and business prospects to the global tourism community. The stand has already drawn strong interest with traditional arts and crafts displays, immersive multimedia presentations and popular Ghanaian snacks.
Seven private-sector players are exhibiting alongside government officials as part of efforts to deepen trade partnerships, expand market access, and attract investment across the hospitality, heritage tourism, ecotourism, and creative arts sectors.
Ahead of the official opening, the Ghana delegation also engaged young Ghanaian investors in Germany in collaboration with V Afrika-Verein and the Ghana Embassy, strengthening diaspora investment linkages and highlighting opportunities within the tourism value chain.
Ghana’s coordinated presence at ITB Berlin 2026 reinforces its strategy to position the country as the Gateway to Africa and a competitive destination for leisure travel and global investment.
The Member of Parliament for Nsawam Adoagyiri, Frank Annoh Dompreh, has expressed concern over delays in the release of the District Assemblies Common Fund, warning that the situation is stalling development across the country.
On his facebook page, he described as a matter of urgent national importance, the Minority Chief Whip pointed to what he sees as a growing crisis of unpaid contractors, abandoned projects, and halted infrastructure works in many districts.
He noted that several communities are grappling with half completed schools, unfinished health facilities, abandoned markets, deteriorating roads, and stalled sanitation projects.
According to him, many contractors who have executed projects for district assemblies have not been paid, forcing some construction firms to demobilise from sites while workers lose their jobs.
He stressed that the District Assemblies Common Fund is not a discretionary allocation but a constitutional requirement under Article 252 of the 1992 Constitution, intended to support development at the local level.
In his view, years of delayed releases and accumulated arrears have weakened district development financing and disrupted projects meant to improve living conditions in communities.
He further argued that some payments made in recent years were largely the settlement of old debts rather than funding for new or ongoing projects, a situation he believes has affected contractor confidence and local economic activity.
He described the issue as more than a budgetary challenge, characterising it as a development emergency and a governance concern.
He therefore urged the appropriate authorities to pay outstanding DACF arrears, settle contractors who have completed their work, and ensure that transfers to districts are automatic and predictable.
He maintained that decentralisation can only succeed when district assemblies receive adequate and timely funding to carry out development projects.
He emphasised that stalled projects directly affect ordinary citizens, since they rely on such infrastructure for education, healthcare, transportation, sanitation, and economic activities.
He called for renewed attention to grassroots development, insisting that national progress should not be concentrated only in major cities but extended to all communities.
By: Jacob Aggrey
