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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

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    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

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

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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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    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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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 renews call for long term solution to load shedding

bycitibusinessnews
January 30, 2017
in Government, Local Economy, Oil And Gas, Top Stories
President of AGI, James Asare Adjei

President of AGI, James Asare Adjei

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Following the official commencement of work by the Energy Minister, Boakye Agyarko, the Association of Ghana Industries (AGI) is advocating that the medium to a long-term strategic plan to correct the country’s power challenges is implemented.

“We must make sure that particularly we can look beyond that short-term solution to our energy challenges. This time around what we are saying is that we need to go beyond what we have been doing in the past whereby almost every seven years we fail  with this energy challenge,” President of the AGI, James Asare Adjei told Citi Business News.

He further said the energy minister must ensure tariff charges are reduced as a reduction will render them competitive on the markets.

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“It will help the country to really achieve energy sufficiency and of course don’t let us forget that we are serious about ensuring that we can get energy tariffs coming down as well, long term that’s a key thing.” he appealed.

The Energy Minister Boakye Agyarko earlier pledged to address challenges facing the country’s power sector when he appeared before Parliament’s Appointments Committee.

James Asare Adjei believes implementing a strategic plan will guarantee a boost in their businesses.

“So we are going to engage the energy minister such that the medium to long-term strategic energy plan which has been set up for the country will be implemented.”

We’ll reduce energy sector levies – Boakye Agyarko

The Energy Minister Boakye Agyarko earlier announced an ambitious plan by the NPP government to reduce the taxes on the energy sector even as it initiates plans to address challenges facing the country’s power sector.

As a result, the government stated that it will revise the energy sector levies.

Mr. Agyarko who believes the power challenges facing the country are largely financial is also optimistic the new plan by the NPP should create a more flexible system to deal with the matter.

–

By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana.

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