Ensure seamless shift from 1D1F to 24-hour economy – AGI urges government
The Association of Ghana Industries (AGI) has urged the government to ensure a seamless transition for its members benefiting from the One District, One Factory (1D1F) policy to the 24-hour economy policy.
According to the AGI, a smooth transition is essential to avoid significant disruptions to business operations.
Speaking at the Ghana Industrial Summit and Exhibition 2025 in Accra on September 16, the AGI President Humphrey Ayim-Darke urged the government to maintain the tax exemptions granted to members under the 1D1F policy from the previous administration, stressing that continuing these exemptions under the 24-hour economy policy would enable businesses to expand and create jobs.
“Incentives for industries are a necessity, such as the tax exemption regime that can trigger the expansion of businesses. And I say this with reference to some of the recent developments surrounding the 1D1F policy, of which a number of our members are still beneficiaries.
“We expect that for such beneficiaries, there will be a smooth transition from the 1D1F policy to more beneficial incentives under the 24-hour economy policy to prevent disruptions in our business activities,” he urged.
Humphrey Ayim-Darke further highlighted that the parallel importation of products manufactured in Ghana is disrupting local manufacturers and called on regulatory bodies to address these market failures.
“Local manufacturers are increasingly under pressure due to the surge in availability and the cheaper imported parallel products. This development is creating an even playing field, making it difficult for domestic industries to remain competitive.
“These products evade appropriate checks, giving them an artificial cost advantage. We urge the regulatory bodies to enforce their various mandate to correct such market failures,” he demanded.
On broader business concerns, the President advocated for balanced electricity tariff pricing to ensure fair competitiveness and reliability.
