Category: Manufacturing
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Vodafone Ghana’s commitment to SMEs shines at Business Runway 2023
Vodafone Ghana has once again demonstrated its unwavering dedication to bolstering small and medium-sized enterprises (SMEs) in the country. This commitment took center stage at the recent Vodafone Ghana Business Runway 2023 event, where industry experts gathered to provide invaluable insights for SMEs looking to enhance their operations and achieve sustainable growth. The event featured…
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Government seeks strategic investor to galvanize Integrated Aluminium Industry
The Volta Aluminum Company (VALCO) was established as a collaborative venture between the Government of Ghana and Kaiser and Reynolds of the United States of America. VALCO started operations in 1967, with ownership then vested in Kaiser Aluminum and Chemical Corporation (Kaiser) and Reynolds Metals Corporation (Reynolds). Kaiser owned 90% of the shareholdings and the…
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Fan Milk PLc recalls Fan Yogo batches after customer complaints
Fan Milk PLC, producers of Fan Yogo has recalled some batches of the product after concerns raised by some customers. Consumers who have recently purchased Fan Yoyo have taken to social media about the abnormal texture of the product prompting the company’s action. But the company has admitted to the anomaly saying, “the root cause…
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Suggested expenditure cuts by the IMF should not affect industry – AGI pleads
The Association of Ghana Industries, AGI, has urged government to ensure that any requests for cuts in expenditure by the IMF, does not affect productive sectors of the economy like agriculture, manufacturing and industry as a whole. As discussions between government and the IMF picks up, different stakeholders have expressed different opinions on the impact…
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DBG funds will not be used to buy gov’t securities – Deputy CEO assures
As stakeholders continue to lament the low level of lending to key sectors like Agriculture and manufacturing, the newly launched wholesale bank, the Development Bank Ghana is assuring that it will implement effective measures that will ensure their funds go to key sectors of the economy. Universal banks in the country, for some time now,…
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Akufo-Addo charges private sector to help with Ghana’s economic recovery
As the Ghanaian economy strives to rebound to pre-pandemic levels, the Government is urging the private sector to come up with innovative products and services to satisfy the needs of their markets. The remarks come at a time when businesses are complaining about the high cost of production in the country, which is affecting the…
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Ghana to lose out on AfCFTA gains due to high cost of doing business- AGI
As the cost of doing business continues to rise in the country, the Association of Ghana Industries (AGI), is cautioning that Ghana could miss out on the expected benefits from the much-touted African Continental Free Trade Area (AfCFTA). Data from the Ghana Statistical Service shows that the year-on-year producer price inflation which measures the average…
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Businesses will pass on increased cost of production from high utility tariffs – GNCCI
The Ghana National Chamber of Commerce and Industry (GNCCI) is cautioning that its members would have no choice but to pass on any increases in their cost of production that will arise, as a result of high utility tariffs. The remark follows the recent proposals for tariff increases by the Electricity Company of Ghana (ECG)…
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A continuous rise in input prices will lead to higher commodity prices – AGI
The Association of Ghana Industries (AGI), is warning that prices of final goods will continue to rise if the high Producer Price Inflation rate in the country is not checked. Data from the Ghana Statistical Service shows that the year-on-year producer inflation for all industries was 29.3 % in March 2022. The 29.3 percent year-on-year…
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Embattled MD resumes work after NLC’s order to GTP workers
The Managing Director of Textiles Ghana Limited, Fatoumata Doro, has finally resumed work on the orders of the National Labor Commission (NLC) after she was locked out for about a month. The NLC directed workers to grant her unrestricted access to her office until further notice. The workers of the Textiles Ghana Limited, producers of…