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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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AGI slams govt over export decline

bycitibusinessnews
April 14, 2016
in Business, Government, Local Economy
James Asare Agyei, AGI boss

James Asare Agyei, AGI boss

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The Association of Ghana Industries (AGI) has slammed government over the continuous decline in the exports of goods and services by the private sector in Ghana.

According to the AGI, Ghana stands to lose huge foreign exchange revenue following the decline.

Data from the central bank showed that export earnings declined in 2015 as a result of the plunge in the price of gold and oil on the global market.

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The total export earnings were 2.56 billion dollars, down from 2.88 billion dollars in March 2016 the same year.

Speaking to Citi Business News at the sidelines of the launch of the 5th AGI Awards on the theme “Growing local Industry for Export Development and Job creations”, President of the AGI James Asare Adjei asked for collaboration with government to find innovative ways to develop the industrial sector.

‘In the past two years we have seen turbulence in the economy, but there has been some seeming stability, what we need to do as a country is to see a growth trajectory and we can only experience that through export development.

There are huge markets around us if you take the West African region with about 350 million people.

We need to leverage on that, build the capacities of the local industries here in the country to ensure that we bring in the needed foreign exchange to shore up our cedi.

I don’t think that we can go back to this issue of depreciation as we experience in 2014 and 2015. Therefore export orientation is the key for businesses’.

James Asare Adjei added that the association is ‘using the awards to galvanize the members of the industrial sector, private sector operators who really want to go beyond the shores of Ghana to expand their businesses’.

The AGI awards, which is the fifth since inception, has the following key award categories, Overall Best Industrial Company of the Year, Best Corporate Social Responsibility Company, Best Company Employer of the Year, Young Enterprise Company (Innovation and Entrepreneurship Award), Fastest Growing Company of the Year and Best Practices in Sustainable Manufacturing Company.

There has been a new addition to the main categories which is “Best Social Enterprise Award”

–

By:  Norvan Acquah – Hayford/citifmonline.com/Ghana

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