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Tag Archives: AGI

Businesses track ECG on reimbursement promise


Businesses are expecting that the Electricity Company of Ghana (ECG) would live by its assurance of implementing the reduction in electricity tariffs from the 1st of April as announced. Even though the reduction has been initially scheduled to take effect today, ECG maintains consumers should see it reflect from next month due to the monthly billing system. According to the ...

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Opponents of CTN demand strict monitoring at ports

Kwabena Ofosu Appiah - President, Ghana Institute of Freight Forwarders

Business associations want custom authorities to be tough and avert any lapses in the clearing process at the ports. They argue that the inability to implement existing laws have partly accounted for the losses hence must be checked. The comment comes after the suspension of the Cargo Tracking Notes (CTN) last Friday, February 16, 2018. Obviously pleased with the decision ...

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PURC meets key stakeholders on tariff reduction


The Public Utility Regulatory Commission (PURC) is set to meet key stakeholders today – February 12, 2018, over the proposed reduction in electricity tariffs. The stakeholders expected at today’s meeting include the Association of Ghana Industries (AGI). Today’s meeting is among the numerous negotiations to determine the reduction in tariffs for businesses. This is also in fulfillment of government’s plan ...

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AGI meets PURC over tariff reduction


The Association of Ghana Industries (AGI) wants regulators in the power sector to clamp down on illegal users of electricity in order to reduce the rising operational losses. The AGI believes this should afford stakeholders the opportunity to reduce the tariff for genuine users. The comment follows negotiations with the Public Utility Regulatory Commission (PURC) to reduce the cost of ...

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Importers reject tax evasion claims by AGI

Kwabena Ofosu Appiah - President, Ghana Institute of Freight Forwarders

Importers and freight forwarders have dismissed claims of engaging in malpractices at the ports leading to the gradual collapse of local manufacturing industries. They maintain that such allegations could not be possible as they go through strict scrutiny in the clearing process. The comments come on the back of concerns raised by the Association of Ghana Industries (AGI) over the ...

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AGI up in arms over ‘rot’ at ports

AGI President - Dr.  Yaw Adu Gyamfi

The Association of Ghana Industries (AGI) is demanding that government intervenes to stop what it describes as trade malpractices at the ports, if it is to grow the manufacturing sector. The AGI argues that the development which has been perpetrated for years, threatens government’s major policies such as the one district, one factory as well as plans to create an ...

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Contractors want law to back interests on delayed payments

Rockson Dogbega - Chairman of the construction subsector of the Association of Ghana Industries (AGI)

Contractors in Ghana want government to pass a law that will enforce the payment of interests on delayed payments for public construction works. They argue that they are overburdened with high interest rates on loans from banks and often lose out when payments are delayed without interest. For instance, government’s indebtedness to road contractors is estimated at 600 million Ghana ...

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Industry divided over reduced cost of gas

gas pipeline

There have been mixed reactions to government’s announcement of a 26% reduction in the cost of gas to businesses that rely heavily on the product. While industry has wholly welcomed the move, some industry analysts have cautioned against the outstanding debts facing institutions involved in the supply of gas. Citi Business News spoke to a couple of players involved in ...

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Industries demand swift release of stimulus packages

Alan Kyerematen - Trade and Industry Minister

The Ghana National Chamber of Commerce and Industry (GNCCI) has demanded swift action in releasing the stimulus packages announced by government to distressed businesses. Government as part of plans to improve the business environment in the country, in 2017, began processes to support businesses in distress through support packages. The Trade and Industry Ministry has announced that it has shortlisted about ...

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Analysts criticize extension of fiscal stabilization levy

Partner with Pricewaterhouse Coopers (PwC), Ayesha Bedwei

Tax analysts have criticized government for not scrapping the National Fiscal Stabilization Levy in the 2018 budget. They describe the continuous imposition of the tax as disappointing. For instance a Partner with Pricewaterhouse Coopers (PwC), Ayesha Bedwei believes the move rather punishes some compliant taxpayers. The National Fiscal Stabilisation Levy (NFSL), introduced in 2013, was among others to support the ...

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