Category: Manufacturing
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Fruit processing factory installs solar panels to accelerate production
The management of HPW Fresh and Dry Limited, a fruit processing company in Adeiso in the Eastern region, has installed solar panels to generate 360 kilowatts power to help the company reduce its electricity dependency on the national grid. The power generated by the solar panels would cover about 25 percent of the electricity demand…
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Foreign investors want minimum capital requirement reduced
A new report by CUTS Ghana has shown that foreigners who wish to invest in Ghana want the minimum capital requirement set by the GIPC Act, 2013 (Act 865) reduced. The research was conducted in collaboration with the World Economic Forum and the Ghana Investment Promotion Centre (GIPC). According to the research findings, some foreigners…
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Rebecca Akufo-Addo urges women entrepreneurs to take up challenging roles
First Lady Rebecca Akufo-Addo has called on Women Entrepreneurs to be bold to take up key challenging roles in the country. This, she says, will place women in key sector positions to be key players of the economy. While delivering her keynote address at the launch of the AGI-Women in Business which was on the…
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AGI calls for policies to boost indigenous industrialization drive
The Association of Ghana Industries has asked the government to initiate dedicated policies and incentives that will enable local industries to become competitive in its industrialization agenda. According to the Association, although local businesses have the potential to compete with foreign companies in Africa and other parts of the world, they are not exposed to…
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Banking reforms beneficial for industry — Alan Kyerematen
Trade and Industry Minister Alan Kyerematen has described the reforms in the financial sector as a key measure that will help local businesses to be competitive. According to him the move by the Bank of Ghana to collapse some banks has strengthened existing banks and made them well-capitalized to provide the needed financial support for…
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Ekumfi Fruits Factory ready for inauguration — 1D1F Coordinator
The Ekumfi Fruits and Juices Company Limited, the first factory President Nana Addo Dankwa Akuffo-Addo inaugurated at Ekumfi under the One-District-One-Factory (1D1F project in 2017, is ready for commercial production. The facility will be the biggest fruits processing factory in West Africa, with the capacity to process 10 tons of fruits per hour. Mrs. Gifty…
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Daily Minimum Wage now GH¢11.82 — Employment Minister
The 2020 National Daily Minimum Wage (NDMW) has gone up by 11 percentage point over the 2019 figure of GH¢10.65 to GH¢11.82, effective from January 1, 2020. This is in pursuance to the Labour Act, 2003 (Act 651) section 113 (1) (a) and the Public Financial Management Act, 2016 (Act 921). Ignatius Baffour Awuah, Minister…
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‘Made in Ghana’ Toyota cars to be ready by August 2020 — Toyota CEO
Ghanaians should expect the first-ever locally assembled Toyota car by August next year, the President and Chief Executive Officer of Toyota Tsusho Corporation, Ichiro Kashitani, has said. Mr. Kashitani said this when he met the President, Nana Addo Dankwa Akufo-Addo, in Japan. The meeting which happened on Thursday, August 29 was to sign an MoU…
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South African giant drug manufacturer exits Ghana; sells off investment
South African drug manufacturer Adcock Ingram has disposed of its shares in local drug company Ayrton Drugs Manufacturing Company after describing the company’s performance as not meeting their expectations. The South African-based company had a 53 percent stake in Ayrton Drug but in a statement that announces its 2019 half-year performance, the company revealed that…
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Protection of local players in automotive industry needed – vehicle dealers
The Vehicle and Asset Dealers Association of Ghana (VADAG) says a comprehensive support system is needed to ensure that local players in the automobile value chain do not lose out from the implementation of the recently launched Ghana Automotive Development Policy. The policy which seeks to help with the establishment of a competitive automotive industry…