Category: Manufacturing
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GIPC to attract more investors into agribusiness in 2020—Yofi Grant
The Chief Executive Officer of the Ghana Investment Promotion Center (GIPC), Yofi Grant, has said his outfit will prioritize investments in agriculture and agribusiness in 2020. This, he explained will feed into government’s agricultural programmes such as the Planting for Food and Jobs as well as Rearing for Food and Export. Mr. Grant maintained that…
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Guinness Ghana declares dividend to shareholders at 47th AGM
The leading total beverage manufacturing company in Ghana, Guinness Ghana Breweries PLC, has declared dividend to its shareholders, after the company’s 47th Annual General Meeting in Kumasi. The financial year under review delivered GHc9 million in dividend, which translates into a dividend payout of GHc0.0293 per share, which was approved by the shareholders on Wednesday…
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Cement manufacturers dispute allegations of tax evasion
The Chamber of Cement manufacturers (COGMAG) has rejected allegations of evasion of taxes in relation to the importation of clinker at the country’s Ports. Some media portals on Monday reported that cement manufacturing companies have shortchanged the country by over US$100million lost at the port as a result of such practices. The report claimed that…
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Ghana participates in 2019 Salon Du Chocolat in France
The 2019 edition of Salon Du Chocolat, the world’s largest chocolate event is on-going in Porte De Versailles-Paris, France. The 5-day chocolate event opened on the 30th October, 2019 with glitz and glamour. The 2019 edition which marks the 25th anniversary of the fair is dedicated to cocoa and chocolate makers across the world. A…
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Guinness Ghana increases local raw material sourcing to 55 percent
Beverage producer Guinness Ghana Limited says it is on track to reach 70 percent local raw material sourcing from Ghanaian farmers. This follows a research by the Kwame Nkrumah University of Science and Technology which showed that the company has increased its local raw material sourcing from 12 percent to 55 percent. Speaking to Citi…
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Industry-Academia collaboration critical to economic growth and employment creation
The President and Executive Dean of the Noble International Business School (NiBS), Prof. Kwaku Atuahene-Gima has charged businesses in the country to take more risks in engaging in other ventures that are not core to their operations, but have the potential to make them more profitable while creating more employment. He made the comments at…
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Activities in manufacturing subsector increases September PPI to 9.7%
A slow increase in the average prices of goods produced in the manufacturing subsector of the economy has caused a marginal increase in the Producer Price Inflation(PPI) for the month of September this year. The Producer Price Inflation for September 2019 increased to 9.7 percent, showing how the figure increased between September 2018 and September…
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COPEC demands immediate action on fuel adulteration after tanker explosion
The Chamber of Petroleum Consumers Ghana has urged the National Petroleum Authority and the Ghana Standards Authority (GSA) to, as a matter of urgency, put in place measures that will arrest the incidence of fuel adulteration. CoPEC demands come after an explosion involving a number of fuel tankers rocked the Kpone Enclave last night. Over…
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Meralco plans pulling out of PDS deal over political uncertainty
Filipino power company, Manila Electric Co. (Meralco) is planning to pull out its investment in the consortium set up to run the Power Distribution Services if the political situation in that country does not improve, its top official said. Meralco President and CEO Ray Espinosa said: “We’re still waiting for developments. It’s a Ghana government…
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Ghana Rising Conference opens today in Accra
Captains of industry, policymakers and other key stakeholders will today converge at the Kempinski Gold Coast City Hotel in Accra for the much talked about Citi TV/FM Ghana Rising Conference. The goal of the one-day conference is to fashion out deliberate policies that will allow Ghanaian indigenous businesses to be able to boost their capacities…