President John Dramani Mahama highlighted new fiscal incentives for manufacturers during the KEDA (Ghana) Ceramics Company Limited event in Shama, Western Region.
The occasion included the sod-cutting for the new float glass manufacturing facility, the inauguration of the fifth phase of the tile production line, and the commissioning of the modern sanitary wares factory.
Linking the investment to his government’s broader RESET agenda and the recently operationalised 24-hour economy programme, President Mahama announced measures aimed at accelerating industrial expansion and boosting local production.
“Factories registered under the 24-hour economy will be able to import capital equipment duty- and tax-free,” he said, assuring investors that “the incentives are coming.”
He explained that these measures are intended to encourage both local and foreign investors to expand or retool their factories, reduce import dependence, and strengthen Ghana’s manufacturing and export capacity.
“By easing the cost of industrial expansion, the 24-hour economy programme will help position Ghana as a competitive manufacturing and export hub within the African Continental Free Trade Area,” the President added.
President Mahama emphasised that initiatives like the KEDA float glass facility and the tile production expansion are concrete examples of Ghana’s commitment to value addition, job creation, and sustainable economic growth.
Story: Patrick Asford Boadu
