Business News of Friday, 4 April 2025

Source: www.ghanaweb.com

Government procurement outside Ghana will require presidential approval – Finance minister

Minister of Finance, Dr. Cassiel Ato Forson Minister of Finance, Dr. Cassiel Ato Forson

In a bid to boost local trade and industrial development, the Minister of Finance, Dr. Cassiel Ato Forson, has announced that any government procurement from outside Ghana will now require special approval from the Office of the President.

In line with this initiative, a list of items required by all public sector agencies will be published and must be procured locally.

The Finance Minister made this known during a meeting with the leadership of the Association of Ghana Industries (AGI) on Thursday, April 3, 2025.

He stated, “To support our local industries, the government will soon publish a list of items that all public sector agencies must procure locally. This will ensure that government procurement serves as a tool to develop our industries."

“Going forward, any government procurement from outside Ghana will require special approval from the Office of the President,” he added.

To reinforce his point, Dr. Ato Forson emphasized that no country can develop without a strong industrial base, hence the move to implement this policy to promote local production of goods.

This policy, he noted, will lead to the growth and expansion of local businesses and help strengthen Ghana's economy.

SA/MA

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