At a pivotal moment for the nation’s economy, former president of the Association of Ghana Industries (AGI), Dr. Tony Oteng-Gyasi, has issued a clarion call for Ghana to embrace a full-scale industrialization agenda. Speaking at the inauguration of the new AGI president on January 21, 2026, Oteng-Gyasi described the present global economic shif from unfettered globalisation to renewed protectionism, as a rare opportunity Ghana cannot afford to ignore.
“You are taking office at a time of great change and uncertainty in the world economy,” he said, noting that decades of globalisation left Africa largely as suppliers of raw materials and importers of finished goods.
Oteng-Gyasi warned that with major economies turning inwards, Africa and Ghana in particular must pursue a robust industrialization strategy if it hopes to create jobs, stimulate growth, and share prosperity across society. He reflected on how other developing regions seized similar moments in history to transform their economic landscapes, urging Ghana not to repeat past missed chances.
To make this vision a reality, he proposed a comprehensive, sector-by-sector manufacturing policy that includes clear implementation plans, economic linkages, and rigorous monitoring. “This begins with a well-crafted sector by sector manufacturing policy,” he told the audience.
Highlighting the value of collaboration, Oteng-Gyasi praised the establishment of a Presidential Advisory Group on the Economy, which he said could provide essential expertise and momentum. He encouraged the new AGI leadership to work closely with this group to ensure industrialization efforts gain traction.
Concluding his remarks, he reminded stakeholders that Ghana’s youth and future generations depend on a thriving manufacturing sector and meaningful economic reform.
