Category: Manufacturing
-
Local manufacturers petition Trade Ministry over imminent collapse of Ghanaian companies
The Ministry of Trade and Industry has received petitions from various manufacturing companies calling for government’s intervention to avert an imminent collapse of some local companies due to competition from imported products. The groups, including Aluworks, Cement Manufacturers Association of Ghana, Steel Manufacturers Association of Ghana as well as Association of Biscuit Manufacturers want government…
-
Alan Kyerematen defends incentives and waivers for 1D,1F projects
Minister of Trade and Industry Alan Kyerematen insists government should actually be doing more than it currently is, when it comes to incentives and tax waivers for companies under the One District, One Factory program. This follows the Minority in Parliament’s complaint that the lack of details on the tax waivers and incentives under the…
-
GEPA targets $5.3 billion Non Traditional Exports by 2023
The Ghana Export Promotion Authority (GEPA) has set a target of 5.3 billion dollars to trade Non-Traditional Exports to foreign markets by 2023. According to GEPA, the target is realistic as they have put in measures to achieve it. GEPA seeks to rely on specific initiatives to achieve this objective, one of which is a…
-
Reserve greater percentage of incentives under 1D1F for Ghanaians—PEF
The CEO of the Private Enterprise Federation, Nana Osei Bonsu has urged government to reserve a greater percentage of incentive packages under the One District, One Factory initiative for local companies so as to ensure their sustainability. Mr. Osei Bonsu stated that such a move will sustain the project and help create jobs for Ghanaians.…
-
Business community calls for changes to stimulate economic growth
As the 5th month of the year begins, some business leaders have challenged government to take decisive steps to ensure sustainable growth across different sectors of the economy. According them, attention should be given to issues of credit, use of technology and environmental protection. Residents and businesses in some parts of Accra, Sunyani, Wa, Kumasi,…
-
Gov’t, MiDA break grounds for new bulk power supply point
Government has challenged the contractors on the Pokuase Bulk Supply Point Project not to default on the 2021 deadline for the completion of the project. The project is part of the 498.2 million dollar Ghana Power Compact funded by the United States Government through its agency, the Millennium Challenge Corporation (MCC). The Ghana Power Compact…
-
US Exim supports Ghana’s 1 district, 1 factory with $300m facility
The Export-Import bank of the United States and the Ghana Export-Import Bank have signed an agreement to finance the export of US produced goods and services for Ghana’s “one district, one factory ” program. The 300 million dollar loan facility from the US Exim bank will be given to qualified Ghanaian Small and Medium sized…
-
Gold worth billions smuggled out of Africa–Report
Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East – a gateway to markets in Europe, the United States and beyond – a Reuters analysis has found. Customs data shows that the UAE imported $15.1 billion worth of gold from Africa…
-
Include production of ceramics into 1D1F – Group
The Ayiwakuo, an association of manufacturers of earthenware bowls, pots and ceramics at Kwahu Nsaba, has called on the Ministry of Trade and Industry to factor their work into the One District One Factory Programme (1D1F). This the group said is to help provide a market for their produce and jobs for the youth. They…