Trade minister calls for stronger business reforms at Ghana’s B-Ready report

Hon. Elizabeth Ofosu-Adjare, the Minister for Trade, Industry, and Agribusiness, has urged for stronger business measures to enhance Ghana’s economy.

Addressing Ghana’s Business Ready 2024 Report dissemination event led by the World Bank group on March 26, 2025, and the Government of Ghana in Accra she stressed that the government’s pledge to establishing a better business environment.
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‎She expressed that the government is working on a comprehensive strategy  to strengthen manufacturing, broaden farming activities, and improve access to international markets. However, she highlighted that success rely heavily on  on effective governance structures and efficient institutions.
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She said that ‎“To achieve this, the Ministry is implementing the Business Regulatory Reform (BRR) program. This will remove barriers that prevent businesses from growing and ensure better regulations.”
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She urged stakeholders to see these reforms as an opportunity rather than a burden. She expressed that “The journey ahead will not be easy, but it is worth taking. Let us work together to make Ghana business-ready and promote a 24-hour economy.”

‎Hon. Ofosu-Adjare expressed gratitude to the World Bank for its support through the Ghana Economic Transformation Project. She pointed out that small businesses struggle with entrenched challenges such as problems with  getting financial support and interpreting intricate statutory requirements. Again, she said that a lot of businesses in the informal sector finds it difficult because they are not part of the formal economy.
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‎ Hon. Elizabeth Ofosu-Adjare commended the World Bank’s “Be Ready” initiative, designed to create a fair, predictable, and digitally transformed industry. She explained that the goal is not just to improve rankings but to make Ghana a place where businesses can thrive, innovate, and create jobs.
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Hon. Ofosu-Adjare expressed gratitude to the World Bank for its support through the Ghana Economic Transformation Project. She pointed out that small businesses struggle with entrenched challenges such as problems with  getting financial support and interpreting intricate statutory requirements. Again, she said that a lot of businesses in the informal sector finds it difficult because they are not part of the formal economy.

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