We will:
1. Establish a WOMEN’S DEVELOPMENT BANK to support women-led and women-owned businesses with low-interest loans on very flexible terms.
2. Enhance the role of the Ghana EXIM Bank in financing non-traditional exports.
3. Exempt new small businesses from paying corporate and personal income tax for the first two years after incorporation.
4. Provide tax breaks and low-cost financing for strategic start-ups and Micro, Small, and Medium Enterprises (MSMEs).
5. Implement a ‘MADEIN-GHANA AGENDA’ to promote the production and consumption of Made-in-Ghana goods, particularly by leveraging the government’s spending power.
6. Launch an “EXPORT GHANA POLICY” to expand the market of made-in-Ghana goods under the African Continental Free Trade Area Agreement (AfCFTA) regime and other external trade programmes.
7. Review the Customs (Amendment) Act, 2020 (Act 1014) to scrap the law banning the importation of salvaged vehicles to save the local automotive industries at Suame Magazine, Kokompe, Abossey Okai, among others, from collapse.
8. Leverage green technologies for entrepreneurship by promoting the assembly and use of electric vehicles and clean energy for commercial and residential use.
9. Reduce bureaucracies, promote transparency, simplify administrative and regulatory processes, and uphold the rule of law to create a friendly investment climate.
10. Promote technologybased businesses, such as app development, e-commerce platforms, Fintech and other digital services
GHANA FIRST
The next NDC government will implement comprehensive and far-reaching reforms under our Ghana Framework for Industrialization, Revitalisation, Support and Transformation (Ghana FIRST) flagship programme designed to:
•Accelerate manufacturing growth for economic development and jobs.
•Empower domestic trade to drive national prosperity.
•Promote exports to expand global market reach.
•Structure and formalise the informal economy for sustainable economic development.
•Enhance the business environment for seamless operations.
Under this programme, we will:
1. Develop an integrated aluminium industry to stimulate industrialisation, reduce import dependency and create sustainable jobs.
2. Incentivise the expansion of the automotive and vehicle assembly sector to provide jobs and reduce the cost of motor vehicles.
3. Promote light industrial manufacturing, especially of apparel and electronic products.
4. Support the pharmaceutical industry in enhancing the local manufacturing of drugs and other pharmaceuticals.
5. Promote modern technologies to facilitate growth in the furniture and furnishing industry.
6. Invest in advanced technologies to support the production of plastics, fertilisers and synthetic materials.
7. Revitalise the following industries to enhance manufacturing, promote exports and create jobs:
a. The textile industry with a special focus on Juapong textiles and new textile industries in the Northern Regions.
b. The Industrial Hub of Obuasi, which the NDC started.
c. The tomato processing industry including the Pwalugu tomato factory.
d. Meat processing industry, including the Zuarungu Meat factory.
e. The sugar industry, including the Komenda Sugar Factory.
f. The leather processing enclave in Kumasi with technical and financial support for small-scale local shoemakers.
g. Incentivise the local production of menstrual hygiene products to drive our Free Sanitary Pads initiative.
h. Support the redevelopment of the Abossey Okai, Suame, Kokompe and Cape Coast Artisanal enclaves.
i. Establish modern markets in the six newly created regions
