Category: Manufacturing
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1D1F: Akufo-Addo commissions Bodukwan multi-fruit processing factory
The President, Nana Addo Dankwa Akufo-Addo, has commissioned the Bodukwan Multi-Fruit processing Factory, a project operating under government’s One-District-One-Factory (1D1F) initiative. The fruit processing plant, which has an installed capacity of 72 metric tonnes per day, will process seven varieties of fruits and vegetables including mango, pineapple, watermelon, and tomatoes into concentrates for exports and…
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We’re ready to meet increase in demand for new cars – Nissan Africa MD
Managing Director of the Nissan Group of Africa, Shinkichi Izumi, says he’s confident the full implementation of Ghana’s Automotive Development Policy will lead to a surge in demand for brand-new vehicles, a development which carmakers with assembling plants in the country will welcome. The Automotive Development policy is a comprehensive package of incentives and measures…
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Stakeholders question impact of high interest rates on local businesses
Industry stakeholders have questioned the ability of Ghanaian businesses to remain competitive in the era of the African Continental Free Trade Area, following the maintenance of the Monetary Policy Rate by the Bank of Ghana for the 4th consecutive time at 14.5 percent. The reduction in the rate, which determines the percentage at which the…
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AfCFTA: We’ll protect you against possible unfair trade practices – Alan assures investors
Minister of Trade and Industry, Alan Kyerematen has assured investors looking to use Ghana as a manufacturing hub for the rest of Africa, ahead of next year’s commencement of the African Continental Free Trade Area (AfCFTA), that government will take the needed steps to protect them from the dumping of inferior goods unto the Ghanaian…
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AGI urges companies to prepare effectively and take advantage of AfCFTA
Small, Medium and Large Scale enterprises in the country have been cautioned against complacency four months away from the expected implementation of the Africa Continental Free Trade Agreement (AfCFTA). The operationalization of the AfCFTA is expected to address the challenges of small fragmented markets in Africa by creating a single market, and also increase the…
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Pharmaceutical products manufacturers call for clear policy to boost local production
The Pharmaceutical Manufacturers Association of Ghana is calling on the government to outline a clear policy strategy on the local production and supply of pharmaceuticals in the country. According to the Association, the policy will help curb the over-reliance on imported drugs which has led to the decline in the provision of the necessary resources…
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Help us clear our $108 million debt – Cocoa Processing Company to Akufo-Addo
President, Nana Addo Dankwa Akufo-Addo has assured the Cocoa Processing Company (CPC) of his governments’ commitment to help in turning the fortunes of the company around. The company which processes raw cocoa beans into semi-finished products, like cocoa liquor, butter as well as finished products like the Golden Tree chocolate bars and pebbles, is believed…
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Revamp primary and manufacturing sectors to attract foreign investors – GIPC Report
A new report by the Ghana Investment Promotion Centre, GIPC, analyzing the economic impact of COVID-19 on foreign investors in Ghana, has highlighted some positive measures necessary to encourage foreign direct investment in the economy. Already, data from the centre shows that foreign businesses experienced an average revenue loss of $75,000 in the second quarter…
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Construction Industry Chamber expresses concern over rising cost of building materials
The Ghana Chamber of Construction Industry has expressed concern about the rising cost of building materials particularly cement and its impact on the cost of housing. The Chamber says considering the country’s huge housing deficit and the rising cost of rent, it is imperative that government takes steps to ensure a reasonable pricing of goods…
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Citi FM concludes 2020 edition of Citi Business Festival
Citi FM has concluded the 2020 edition of the Citi Business Festival which offered a wide range of strategies for businesses to stay afloat amidst the Covid-19 pandemic and bounce back stronger after the pandemic. The general view is that, the pandemic will cause a massive shift in the way things are done even after…