Elizabeth Ofosu-Adjare, Minister of Trade, Agribusiness and Industry
The Minister for Trade, Agribusiness, and Industry, Elizabeth Ofosu-Adjare, has assured that the government will facilitate the release of locked-up funds in banks to support the private sector.
She noted that discussions have been held with the Minister of Finance and the Bank of Ghana to ensure the funds are made available.
According to her, the government is committed to supporting industries as Ghana prepares to implement its 24-hour economy policy.
Speaking on the sidelines of the Independence Day celebrations on March 6, 2025, she stated:
“The National Economic Dialogue highlighted how much the private sector is willing to contribute if given the right support. One of the major takeaways was the need to free up locked funds in banks to support businesses. I will personally follow up to ensure these funds are made available,” she was quoted as saying by MyJoyOnline.
Regarding the government’s 24-hour economy policy, she emphasized the private sector’s readiness to embrace the initiative.
According to the minister, some industries have already agreed to operate in three shifts to maximize production and create jobs.
“The 24-hour economy will support our import substitution agenda. Many of the industries coming on board will produce goods we currently import. If they can scale up, we will export more and strengthen the cedi,” she added.
SSD/MA
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