Category: Manufacturing
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Only 18% of goods sold in top supermarkets are Made in Ghana – Research
Goods manufactured locally are struggling to make it to the shelves of leading supermarkets in Accra, research conducted Konfidants, an international business advisory firm, has shown. The research, which surveyed eight of the leading supermarkets in Accra on 23 product categories, showed that only 18 percent of all the goods sold by these supermarket chains…
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CitiBizFestival: Exhibitors promise to showcase authentic local products at ‘This is Ghana Exhibition’
Some exhibitors who have already booked their stands at the ‘This is Ghana Exhibition’ have promised to showcase great products made in Ghana. The ‘This is Ghana Exhibition’ is an outdoor event which is part of the Citi Business Festival. The exhibition will come off at the Alisa Hotel on Saturday, June 29. Speaking to…
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Two donors commit US$100m to boost dev’t of industrial parks
Two donors have pledged around US$100million to support the establishment and development of industrial parks across the country, government has announced. The two donors are the Department for International Development (DfID), a United Kingdom government agency that is committing US$20million, and the World Bank Group with US$75million. The funds are to be used in setting…
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“Solar is cheaper in the long run”
Mr. Firmin Nkamleu Ngassam, the Managing Director of solar energy designing, developing and installation company, Yingli Namene West Africa, has advised businesses in the country not to allow the upfront cost of solar plant installations to deter them from adding the resource to their energy mix. He said although many solar installing companies required…
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PURC hands major boost to industries following elimination of special tariff
The Public Utilities Regulatory Commission (PURC) has signaled a major policy shift that should see a reduction in the cost of electricity for industrial consumers of power. According to a statement issued the utility regulator, the maximum demand charge paid by industrial consumers has been eliminated effective July 1, 2019. The PURC described the move…
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Akosombo Textiles Limited not facing collapse — Minister of Trade
The Akosombo Textiles Limited (ATL) is currently not in a situation that could be described as facing the risk of total collapse, John Alan Kwadwo Kyerematen, the Minister of Trade and Industry, assured Parliament on Wednesday, in Accra. He added that the Government had taken concrete actions to restore the ATL to its glorious…
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Business Dev’t Ministry calls for enhanced partnership between Ghana and China
Business Development Minister Mohammed Ibrahim Awal has called on Chinese businesses to partner Ghanaian businesses to help realize the country’s goal of becoming the hub of manufacturing in West Africa. The minister while delivering his keynote address at the opening of the three-day China Trade Week Ghana 2019 in Accra called on Ghanaian businesses to…
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Ghana’s economy records 6.7 percent growth in 2019 first quarter
Provisional figures released by the Ghana Statistical Service (GSS) shows that Ghana’s Gross Domestic Product(GDP) grew by 6.7 percent in the first quarter of 2019. This is compared to the same period in 2018 which was at 5.4 percent. Speaking at a press conference, the Government Statistician, Professor Samuel Kobina Annim pointed out that the…
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EU pledges 4.5 billion Euros investment to create 10 job creation
The maiden Ghana-European Union Business Summit has ended in Accra with the European Union (EU) promising an external investment of 4.5 billion Euros of the EU Budget to Africa, to generate about 10 million jobs on the Continent. Mr. Jyrki Katainen, the Vice President of the European Union Commission for Jobs, Growth and Investment,…
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Association of Ghana Industries want more government push
The Association of Ghana Industries (AGI) is calling on the government to do more to support local companies to be able to compete with other businesses on the continent and beyond. The AGI says support from institutions like the Ghana Export Promotion Authority (GEPA) is critical but more needs to be done to enable local…