{"id":112169,"date":"2026-01-22T11:16:57","date_gmt":"2026-01-22T11:16:57","guid":{"rendered":"https:\/\/sotnews.agency\/?p=112169"},"modified":"2026-01-22T11:16:57","modified_gmt":"2026-01-22T11:16:57","slug":"oteng-gyasi-calls-for-full-scale-industrialisation-as-agi-ushers-in-new-president","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=112169","title":{"rendered":"Oteng-Gyasi calls for full-scale industrialisation as AGI ushers in new president"},"content":{"rendered":"
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Former President of the Association of Ghana Industries (AGI), Tony Oteng-Gyasi, has urged Ghana to seize what he described as a \u201cone in a century opportunity\u201d to pursue a bold, well-structured industrialisation agenda, as the global economic order shifts away from unfettered globalisation towards protectionism.<\/p>\n

Delivering remarks at the investiture of the new AGI President on Wednesday, January 21, 2026, Mr Oteng-Gyasi said the incoming leadership is assuming office at a time of profound change and uncertainty in the global economy.<\/p>\n

\u201cYou are taking office at a time of great change and uncertainty in the world economy,\u201d he noted, observing that the globalisation agenda of the past five decades is rapidly giving way to a more traditional approach where \u201ceach country [is] for itself\u201d.<\/p>\n

He pointed to the resurgence of protectionism, particularly in the United States, describing the rise of \u201cTrumpism\u201d as a clear signal that tariffs and inward-looking economic policies are once again being embraced openly.<\/p>\n

\u201cThe advent of Trumpism has shifted the focus of the world\u2019s number one economy to protectionism to the extent that even the much-maligned use of tariffs as a total economic and political strategy is back in fashion openly,\u201d he said.<\/p>\n

According to Mr Oteng-Gyasi, Africa has historically been disadvantaged by globalisation, having been positioned mainly as a source of cheap raw materials and a market for finished goods from developed economies.<\/p>\n

\u201cAfrica under the globalisation agenda was expected to be merely a source of cheap raw materials and an open market for manufactured goods,\u201d he stated.<\/p>\n

Against this backdrop, the former AGI President argued that Ghana must respond decisively by launching a comprehensive industrialisation drive, noting that the country missed similar opportunities in the late 1960s and 1970s when several Asian economies aggressively industrialised.<\/p>\n

\u201cTo be blunt, I think this is an opportunity for the country to launch a full-scale industrialisation agenda,\u201d he said, describing the current moment as \u201ca unique time to implement a proper and well thought out manufacturing agenda\u201d.<\/p>\n

He outlined the need for a detailed, sector-by-sector manufacturing policy, complete with clear implementation plans, cross-sector linkages, cost and revenue projections, and job creation analysis. He recommended a value-chain approach, supported by regular reviews and adjustments.<\/p>\n

\u201cThis begins with a well-crafted sector by sector manufacturing policy with an implementation programme and cross sector linkages spelt out,\u201d he said.<\/p>\n

Mr Oteng-Gyasi also welcomed the recent establishment of a Presidential Advisory Group on the Economy, which includes experienced private sector figures such as Kwame Pianim, Ishmael Yamson and Torgbe Afede. He described them as individuals who understand manufacturing deeply, including the factors that drive its success.<\/p>\n

He urged the incoming AGI President and executive to work closely with the advisory group to ensure the industrialisation agenda gains momentum.<\/p>\n

\u201cI urge you, Mr Incoming President of AGI and your executive team, to liaise fully with them and ensure the industrialisation agenda kicks off,\u201d he said.<\/p>\n

Turning to AGI\u2019s membership, Mr Oteng-Gyasi appealed for strong support for the manufacturing drive, stressing that a thriving manufacturing sector underpins growth across the entire economy.<\/p>\n

\u201cWhen manufacturing succeeds, every other sector does well,\u201d he said, citing banking, insurance, construction and distribution as beneficiaries.<\/p>\n

He emphasised that industrialisation remains the most proven path to sustainable job creation and shared prosperity, particularly for Ghana\u2019s youthful and growing population.<\/p>\n

\u201cThis is the tested and proven way to achieve growth in jobs and the shared prosperity it comes with,\u201d he added.<\/p>\n

In closing, Mr Oteng-Gyasi acknowledged the enormity of the task ahead for the new AGI leadership, telling the incoming President and his team: \u201cYou truly have your work cut out for you.\u201d<\/p>\n

\u201cFor the sake of our youthful and growing population and for the sake of our entire country, I wish you the best of luck,\u201d he concluded.<\/p>\n<\/div>\n

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\"Oteng-GyasiFormer President of the Association of Ghana Industries (AGI), Tony Oteng-Gyasi, has urged Ghana to seize what he described as a \u201cone in a century opportunity\u201d to pursue a bold, well-structured industrialisation agenda, as the global economic order shifts away from unfettered globalisation towards protectionism. Delivering remarks at the investiture of the new AGI President [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2624,12,2047,15744,1883,10,9,15745],"tags":[],"class_list":["post-112169","post","type-post","status-publish","format-standard","hentry","category-agi","category-business","category-hp-news-9","category-industralisation","category-national","category-politics","category-popular","category-tony-oteng-gyasi"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/112169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=112169"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/112169\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=112169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=112169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=112169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}