Business News of Sunday, 1 February 2026Source: classfmonline.comThe Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC), Simon Madjie, has urged African countries to accelerate industrial transformation by shifting from the export of raw materials to value addition and local production. He said Africa was at a critical stage in the implementation of Agenda 2063, noting that the African Continental Free Trade Area (AfCFTA) remained a key instrument for driving industrial development and economic transformation across the continent. Madjie emphasised that conversations on Africa’s development must prioritise industrial transformation, including the need to extract greater value from local resources and build competitive African industrial champions. While acknowledging Africa’s participation in global trade, he said the immediate priority should be to deepen industrial development and strengthen intra-African value chains. She added that Ghana, as the host country of the AfCFTA Secretariat, must fully leverage the opportunities offered by the agreement to enhance trade, industrial growth and economic integration.

Source: GhanaWeb February 01, 2026 20:50 UTC