Category: Manufacturing
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Shift focus from upscaling to upgrading – Ofosu-Dorte urges businesses
Stakeholders in Ghana’s manufacturing sector are being encouraged to prioritize upgrading over upscaling when it comes to goods and services emanating from Ghana into other African countries as part of the African Continental Free Trade Area (AfCFTA). Trade data from the United Nations Conference on Trade and Development (UNCTAD) shows that a handful of countries…
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Sensitize employees, customers on COVID-19 safety protocols – AGI urges SMEs
The Association of Ghana Industries (AGI) has charged Small and Medium Scale Enterprises (SMEs) across the country to ramp up sensitization amongst their workers and customers about the COVID-19 safety protocols. This the AGI believes will add to efforts by government to curb the spread of the virus in Ghana and ultimately sustain demand for…
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![Retailers of school uniforms cash in on mad rush for uniforms [Video]](https://citibusinessnews.com/wp-content/uploads/2021/01/d031762173cc50f51bb212cee9b1d759.jpg)
Retailers of school uniforms cash in on mad rush for uniforms [Video]
The reopening of schools for students from Kindergarten to Junior High School across the country from January has brought excitement to some categories of businesses. These include those that retail and sew materials used as school uniforms. A visit to the Makola market in the Central Business District revealed a scene of brisk business for…
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AGI troubled with rising COVID-19 cases and implications on demand of goods
The Association of Ghana Industries (AGI) says the business community is concerned about a possible slowdown in demand for their goods and services if the disturbing situation with COVID-19 in the country is not managed effectively. Between May and June of last year, at the height of the Coronavirus pandemic, the Ghana Statistical Service (GSS),…
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BoG Governor demands measures to help businesses succeed in AfCFTA era
Governor of the Bank of Ghana Dr. Ernest Addison says the commencement of operations of the Africa Continental Free Trade Area (AfCFTA) requires the building of a competitive Ghanaian economy. According to the Governor, the effects of a strong Ghanaian economy will ensure that local businesses win against their rivals from other African countries. Responding…
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AfCFTA: Spare parts dealers seek help to locally produce car parts
In order to fully participate in the Africa Continental Free Trade Area (AfCFTA) agreement, the Abossey-Okai Spare Parts Dealers Association has asked the government to help them begin production of made-in-Ghana vehicle parts. “We can take advantage of it by starting with the production of items that are made with plastic or rubber. We can…
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Akufo-Addo government charged to reduce cost of power in 2nd term
The Ghana National Chamber of Commerce and Industry has urged President Akufo-Addo to couple the extension of electricity to communities without power, with a significant reduction in the cost of power itself, across the country. According to data from the Energy Ministry, access to Electricity in Ghana as at the end of 2020 was around…
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Be proactive to benefit from AfCFTA – AfroChampions urges businesses in Ghana
Almost a week after the commencement of the African Continental Free Trade Area (AfCFTA), businesses in Ghana, both small and big, have been charged to be proactive in taking steps to participate and benefit fully from the continent-wide agreement. Trading under the agreement was supposed to have commenced in July 2020 but had to be…
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Struggling industry forces Ghana’s economy to contract for 2nd straight quarter
Provisional figures released by the Ghana Statistical Service show that the Ghanaian economy has contracted for the second straight quarter, with the value of goods and services produced in the 3rd quarter of 2020 declining by 1.1 percent when compared to the value of goods produced in the same period in 2019. The contraction in…
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Spare parts dealers in talks with assembly plants to manufacture car parts
Co-chairman of the Abossey Okai Spare Parts Dealers Association, Clement Boateng says negotiations are underway between his association and some car assembly plants established in Ghana. In addition to Volkswagen, Sinotruk and Kantanka who have been operating assembly plants in Ghana, Nissan last month began the setting up of its plant in the country, as…