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President Akufo-Addo Champions Ghana’s Economic Transformation at China-Africa Private Sector Forum
In a powerful address delivered at the China-Africa Private Sector Cooperation Forum on September 7, 2024, in Shenzhen, China, President Nana Addo Dankwa Akufo-Addo of Ghana made a compelling case for stronger China-Africa economic collaboration, highlighting Ghana’s efforts toward industrialization, agricultural modernization, and green development.
His speech, delivered as part of the Forum on China-Africa Cooperation (FOCAC), outlined the transformative opportunities for investment in Ghana while emphasizing the country’s strategic role as a hub for economic growth in Africa.
In his address, President Akufo-Addo praised the remarkable achievements of Shenzhen, a city that epitomizes China’s economic transformation through innovation and investment. “Shenzhen symbolizes the extraordinary achievements that are possible through innovation, investment, and partnership,” he remarked.
Drawing parallels, he pointed out how similar efforts in Ghana are beginning to bear fruit and invited Chinese and global investors to join Ghana in replicating these successes across the African continent.
Central to President Akufo-Addo’s address was Ghana’s ambitious industrialization agenda. He emphasized that the key to Ghana’s economic transformation lies in adding value to its abundant natural resources.
One of the flagship sectors highlighted by the President was the burgeoning vehicle assembly industry, which has already attracted major global brands like Toyota, Nissan, Volkswagen, and Sinotruk to set up plants in the country.
The President assured potential investors of Ghana’s conducive investment environment, supported by the country’s Automotive Development Policy, which offers tax breaks and incentives for vehicle assembly operations.
With the African Continental Free Trade Area (AfCFTA) Secretariat based in Accra, the President further stressed that Ghana offers investors a strategic gateway to the entire African market, positioning itself as a vital hub for regional trade and manufacturing.
Beyond the automotive sector, President Akufo-Addo outlined the success of the “One District, One Factory” (1D1F) initiative, a cornerstone of his government’s industrialization strategy.
Through this programme, the government has facilitated the establishment of at least one manufacturing facility in each of the country’s 261 districts.
As a result, 321 new factories have been developed, with 211 of them being brand-new enterprises. The initiative has also led to the creation of 170,000 jobs, and the President projected even more growth as the program continues to expand.
He urged Chinese investors to consider the vast potential within this program, emphasizing its role in decentralizing industry, creating jobs, and driving rural development.
President Akufo-Addo also acknowledged agriculture as the backbone of Ghana’s economy, contributing significantly to the nation’s GDP. However, he stressed that the sector remains ripe for modernization. The President highlighted Ghana’s “Planting for Food and Jobs” (PFJ) initiative, which has already supported over 1.9 million farmers, significantly boosting the production of key staples such as maize and rice.
Yet, the President was keen to underscore the immense opportunity for investment in agro-processing, a sector he believes will move Ghana up the agricultural value chain. With Ghana being the world’s second-largest producer of cocoa, he urged investors to seize the chance to partner in agro-processing, storage, mechanization, and sustainable agricultural practices, including organic farming.
President Akufo-Addo further emphasized his government’s commitment to green development, seeing it as both a moral imperative and an economic opportunity. He highlighted Ghana’s ambitious goals to increase the share of renewable energy in its energy mix to 10% by 2030, presenting a wealth of opportunities for investment in solar and wind energy.
“Ghana’s doors are wide open to investors who share our vision of a prosperous, industrialized, agriculturally modern, and green Africa,” President Akufo-Addo declared, adding that Ghana offers significant incentives, such as tax breaks and guaranteed feed-in tariffs, to encourage investments in renewable energy.
The President also emphasized the need for improved waste management and recycling, viewing it as an area of immense potential for economic value creation.
In closing, President Akufo-Addo called for China and Africa to deepen their economic cooperation through the Belt and Road Initiative, stressing that partnerships must be built on mutual respect and sustainable development. “The time is ripe for investment in Ghana,” he urged, calling on investors to seize the opportunities in industrialization, agriculture, and green development.
As Ghana continues to pave the way for economic transformation, President Akufo-Addo’s message at the China-Africa Private Sector Cooperation Forum was clear: Ghana is open for business, ready to partner with investors to build a future of shared prosperity and sustainable growth.
The Ghana Tourism Development Company Limited (GTD) in collaboration with the Department of Organisation and Human Resource Management, University of Ghana Business School (UGBS) has marked the 2026 World Safety Day Celebration in Accra.
The event held on Tuesday, April 28, 2026 at the Cedi Conference Centre, Legon was under the theme “Good Psychosocial Working Environment: A Pathway to Thriving Workers and Strong Organizations.”
The day is observed globally to promote safe and healthy working conditions and to raise awareness about both physical and psychological risks at the workplace.
The event formed part of efforts by stakeholders to deepen national conversations on workplace safety, particularly the growing concern about psychosocial well being.
In his keynote address, the Minister for Labour, Jobs and Employment, Dr Abdul Rashid Hassan Pelpuo stressed that workers must not be treated as machines but as human beings with dignity, rights and families.
He explained that unsafe work environments marked by fear, harassment, intimidation and excessive pressure reduce productivity and weaken organisations.
He noted that although physical hazards such as faulty equipment and unsafe buildings remain a concern, psychological risks including excessive workload, bullying, job insecurity and toxic communication are equally dangerous and must be addressed.
According to him, psychological hazards are real, measurable and preventable, and should be treated with the same urgency as physical risks.
He maintained that safe and healthy working conditions are not a luxury but a fundamental right that supports productivity and social justice.
Dr Pelpuo further stated that the government remains committed to strengthening occupational safety and health systems, adding that worker wellbeing is a core responsibility of leadership and not a public relations issue.
He urged employers to create environments where dignity is protected, and workers are empowered to speak without fear.
The Dean of University of Ghana Business School, Prof Ernest Y Tweneboah Koduah noted that the school is committed to shaping a better world of work that is equitable, productive and sustainable.
He announced that the school has secured accreditation from the Ghana Tertiary Education Commission to introduce a programme in organisational health and safety.
He explained that gaps in workplace safety in Ghana are linked to weak enforcement, underreporting and limited professional training.
He added that the new programme will equip graduates with the skills to prioritise employee wellbeing as a key organisational responsibility.
Prof Tweneboah Koduah urged organisations to assess psychosocial risks, invest in human resource capacity and create environments where workers can openly discuss mental health concerns.
He emphasised that collaboration between academia and industry is essential to addressing workplace safety challenges.
Delivering remarks on behalf of the Vice Chancellor, the Registrar of the University of Ghana, Emelia Naa Kwantsua Agyei Mensah described the event as historic, noting that it is the first time the university is marking the global observance.
She explained that the focus on psychosocial wellbeing reflects current realities in the world of work.
She stated that employee health, including mental and emotional wellbeing, directly affects productivity, morale and institutional performance.
Mrs Agyei Mensah added that the university is committed to creating a safe and supportive environment for staff and students, beyond minimum legal requirements.
She called on leaders to reflect on the kind of workplaces they create and to prioritise the wellbeing of employees.
CEO of the GTDC, Prof Kobby on his part noted that its participation aligns with its commitment under the Riyadh Declaration, which calls on member states to improve infrastructure and public safety, as well as enhance services, transport, connectivity and accessibility.
He indicated that the company intends to use the platform to highlight Ghana’s readiness to implement the declaration, with a strong focus on worker safety and wellbeing as a foundation for sustainable tourism development.
The event brought together policymakers, academics, industry players and students to discuss strategies for improving workplace safety and promoting healthier work environments across the country.
By: Jacob Aggrey
The Minister for Energy, John Abdulai Jinapor, has praised engineers and technical teams working to restore electricity after a fire at the Akosombo Substation disrupted power supply.
He said this after visiting the facility on Monday night to assess ongoing repair works following the incident, which affected the control room and caused the loss of more than 1,000 megawatts of power to the national grid.
During the visit, he interacted with engineers and technicians who have been working continuously under difficult conditions to restore operations.
He said he was impressed by their dedication, courage, and professionalism despite the challenges.
The minister commended the teams for their resilience and sacrifice, noting that their efforts reflect a strong sense of duty and commitment to national service.
He assured them of the government’s full support as they continue with the restoration work.
He also assured the public that authorities are doing everything possible to restore stable electricity supply as soon as possible.
By: Jacob Aggrey
