Category: Manufacturing
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Tema Shipyard bounces back, needs more capital injection
The PSC Tema Shipyard Limited, host to one of the largest shipyards and dry-docks on the African continent, has bounced back into activity and operation but needs a capital injection of about US$ 250 million for initial full operations. Workers are on site, with some ship engineers attending to ship repairing and servicing as other…
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Industries won’t be affected by microfinance clean-up — AGI
The Association of Ghana Industries (AGI) says its members will not be affected by the closure of 347 microfinance companies in the country. The AGI insists the high-interest rates charged by microfinance institutions make it impossible for the businesses to borrow from them. “Getting money from the microfinance is not good for any industry. Most…
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GIHOC Distilleries takes over Aboso Glass Factory
GIHOC Distilleries Company Limited has announced a takeover of the Abosso Glass Factory which is currently struggling to operate. The Abosso Glass Factory, once a vibrant company which manufactured and supplied bottles for the beverage industry in Ghana has not been operating for some years now due to lack of machinery and capital. Government’s plan…
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‘Ghana Beyond Aid’ means harnessing our resources for national transformation – Senior Minister
The Senior Minister has hinted on the need to see the ‘Ghana Beyond Aid’ agenda of the Nana Addo Dankwa Akuffo Addo government as achievable through harnessing the resources of the nation for development. Mr. Yaw Osafo-Maafo said: “To get to a Ghana Beyond Aid, we will have to harness effectively our own resources,…
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Producer Price Inflation for April records 7.1 percent
The Producer Price Inflation (PPI) rate for April 2019 has hit 7.1 percent. This shows a monthly change rate of 0.9 percent when compared to March 2019. The PPI measures the average change over time in the prices received by domestic producers for their goods and services. Speaking at a press conference, the Government Statistician…
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China to build US$20 billion ‘Industrial City’ in Central Region
ONEGO, an Investment Consulting Firm based in China, has begun negotiations with some key stakeholders to establish an ultra-modern industrial city in the Central Region. The city would be built on 10,000 to 25,000 acres of coastal lands with the capacity of accommodating more than 100 different manufacturing enterprises. It would have a minimum capacity…
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Biscuit producers want prompt government’s response to petition
Biscuit Manufacturers in the country are calling on the government to speed up with a response to their petition. The petition was sent to address unfavorable competition between local and imported biscuit. The local manufacturers complain that the development is hindering their expansion thus are not able to employ more people among others. Of the…
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Search for strategic investors in bauxite and aluminium industry begins
The Ghana Integrated Aluminium Development Corporation (GIADEC) has commenced processes towards the engagement of strategic investors for different aspects regarding the implementation of the entire bauxite to aluminium value chain. According to GIADEC, all private sector entities/ consortium interested in participating in the investor engagement rounds have up to the end of May 2019 to…
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GSA to prosecute shop owners selling poorly labeled products
The Ghana Standards Authority(GSA) has stated that businesses which sell products with poor labeling will be made to face the law. The GSA says such products are difficult to check their country of origin as well as expiry date. The GSA conducted a random exercise in the Central Business District of Accra. Randomly selecting some…
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Ghana Standards Authority closes down two Chinese plastic companies
The Ghana Standards Authority (GSA) has shut down two plastic producing companies which are owned by some Chinese nationals. The companies which were shut down after a swoop exercise by the GSA failed to meet regulatory standards. The factories which are both operating without the required license are located at Sakaman near Dansoman. The GSA…