The Central EXPO’26, the fifth Central Regional Investment, Trade and Tourism Fair, has commenced in Cape Coast. This seven-day event specifically targets promoting investment opportunities, fostering tourism, and unlocking the economic potential of the Central Region. The fair aims to translate the region's inherent advantages into tangible business growth and job creation.
More than 300 exhibitors from both within and outside the region are participating in the EXPO. The Central Regional Co-ordinating Council (CRCC) organises the event in collaboration with the Central Region Development Commission (CEDECOM) and the Central Regional House of Chiefs. All 22 Metropolitan, Municipal and District Assemblies are also involved. This broad collaboration underscores the regional commitment to economic development and partnership building.
This initiative aligns with Ghana's broader economic strategy to diversify its economy and enhance regional contributions to national output. The government consistently seeks to empower local economies to reduce reliance on primary commodities. Events like EXPO’26 are crucial for attracting both domestic and foreign direct investment. They also support the government's industrialisation agenda, including the 'One District, One Factory' policy, by showcasing local production capabilities and investment readiness. The fair’s focus on value addition and export potential directly supports Ghana’s trade balance objectives.
Mrs. Elizabeth Ofosu-Adjare, the Minister of Trade, Agribusiness and Industry, commended the organisers for sustaining the exhibition over five years. She stressed the importance of translating the region's economic and tourism advantages into productive businesses, investments, and jobs. Mrs. Ofosu-Adjare highlighted that stronger production in the Central Region directly adds to national output. She also noted that value addition and export contribute to a more diversified national economy. The Minister further stated her ministry's commitment to strengthening businesses that supply the tourism industry. She urged Ghanaian businesses to improve quality, packaging, and standards to compete successfully at home and abroad. This focus on quality is vital for increasing market access and consumer confidence.
The EXPO’26 is expected to stimulate local economic activity and attract new capital into the Central Region. Decision-makers will closely monitor the number of investment pledges and business partnerships formed during the event. Success could encourage similar regional initiatives across Ghana, further decentralising economic development efforts. The government's commitment to revitalising the Komenda Sugar Factory, mentioned by Mrs. Ofosu-Adjare, signals a broader push for industrial growth. This revitalisation project aims to increase factory operations nationwide, creating jobs and reducing import dependency. The fair also provides a platform for businesses to explore insurance options, as urged by Osaberimba Kwesi Atta II, Paramount Chief of the Oguaa Traditional Area. Such measures are crucial for mitigating risks and ensuring business sustainability in a dynamic economic environment. The event's success will be measured by its long-term impact on regional employment figures and investment inflows. Continued government support for such platforms is essential for sustained growth.