{"id":142407,"date":"2025-09-17T01:31:11","date_gmt":"2025-09-17T01:31:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/142407\/"},"modified":"2025-09-17T01:31:11","modified_gmt":"2025-09-17T01:31:11","slug":"agi-urges-seamless-transition-from-1d1f-to-24-hour-economy-incentives","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/142407\/","title":{"rendered":"AGI urges seamless transition from 1D1F to 24-hour economy incentives"},"content":{"rendered":"

\"Humphrey <\/a>Humphrey Ayim-Darke is the President of AGI<\/p>\n

The Association of Ghana Industries (AGI) is calling on the government to ensure a smooth and uninterrupted transition from the One District, One Factory (1D1F) initiative to the newly introduced 24-hour economy policy.<\/p>\n

The appeal comes amid concerns from AGI members who continue to benefit from the 1D1F programme and fear that abrupt policy changes could disrupt their operations.<\/p>\n

Speaking at the Ghana Industrial Summit and Exhibition 2025 in Accra on September 16, 2025, AGI President, Humphrey Ayim-Darke, underscored the importance of preserving the tax exemptions granted under the 1D1F initiative. <\/p>\n

He urged the government to not only maintain these incentives but also enhance them under the 24-hour economy framework to drive industrial growth and job creation.<\/p>\n

\u201cIncentives 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,” he said.<\/p>\n

Smuggling syndicate worth $10 million uncovered by GoldBod<\/a><\/p>\n

He further said; \u201cWe 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.\u201d<\/p>\n

Ayim-Darke also voiced concern over the growing influx of parallel imports\u2014foreign-made products that directly compete with locally manufactured goods. <\/p>\n

These imports, often cheaper and insufficiently regulated, are placing Ghanaian producers at a disadvantage.<\/p>\n

\u201cLocal manufacturers are under pressure from a wave of cheaper, unregulated imports. These products often evade proper checks, giving them an unfair cost edge. We urge regulators to intervene and correct these market distortions,\u201d he said.<\/p>\n

Beyond incentives and import controls, Ayim-Darke emphasized the need for fair and predictable electricity tariffs.<\/p>\n

He noted that balanced pricing is essential for maintaining industrial competitiveness and ensuring consistent operations across the sector.<\/p>\n

SA<\/p>\n

Watch the latest edition of BizTech below:<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"Humphrey Ayim-Darke is the President of AGI The Association of Ghana Industries (AGI) is calling on the government…\n","protected":false},"author":2,"featured_media":142408,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-142407","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/142407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=142407"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/142407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/142408"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=142407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=142407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=142407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}