Category: Local Economy
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Increase investment in rice production to make local produce competitive – Peasant Farmers
Head of Programmes and Advocacy at the Peasant Farmers Association of Ghana, Charles Nyaaba has reiterated calls for government to adequately support and invest in rice production in the country. According to him, leaving players in the rice value chain to compete with produce from areas with well-subsidized rice programs, only leads to Ghana’s rice…
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AGI advocates reduction of imports to check cedi depreciation
President of the Association of Ghana Industries, Dr. Humphrey Ayim-Darke, has emphasized the need for government to put in place measures to increase exports and reduce imports into the country. According to him, this will check the rate of depreciation of the Ghana cedi against the dollar. Currently, the Ghana cedi is the worst-performing currency…
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Increase support for Agric sector to curb inflation – Prof. Quartey to Gov’t
Head of the Economics Division at the Institute of Statistical, Social and Economic Research, at the University of Ghana, Prof. Peter Quartey has urged the government to consider identifying and supporting large scale farmers around the country, who would, in turn, support smaller farmers around them as a way to ensure sustained growth of Ghana’s…
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Gov’t could struggle later if revenue measures aren’t supported – John Kumah
A Deputy Finance Minister, John Kumah says it may get to a time that government may not be able to fulfil some critical payment obligations if the government’s revenue mobilization measures including the electronic transfer levy are not supported. Although he has debunked claims that government workers may not be paid in the next three…
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GTP workers suspend strike against MD
Workers of Textile Ghana Limited, producers of GTP in Tema, have temporarily suspended their strike which began last Thursday, February 24, 2022. The workers laid down their tools over alleged unfair treatment by their Managing Director, Fatoumata Doro. The workers, who are calling for the dismissal of their MD, claimed that she has disregarded their…
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‘Downward review of benchmark discount value doesn’t address our concerns’ – AGI
The Association of Ghana Industries (AGI), says it is dissatisfied with the government’s decision to review the benchmark discount value while consultations are still ongoing. After months of agitation and weeks of consultations with stakeholders in the trading community on the benchmark values reduction policy, the government has finally concluded on a 30 percent discount…
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Abena Osei-Asare proposes new Committee to transition importers into manufacturers
The Finance Ministry has proposed to the trading community a new Industrialization Committee to help importers begin manufacturing some of the things they buy from other countries. This comes on the back of an announcement of a phased reversal of the benchmark values discount policy starting March 1, 2022. The Finance Ministry last week announced…
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Ghanaians urged to assume leading roles in energy sector to boost local content
Energy Minister, Dr. Matthew Opoku Prempeh has reiterated calls for Ghanaians to assume leading roles in the various sub-sectors under the country’s energy sector. According to him, the practice of expatriates being awarded huge contracts due to the lack of skills and technical know-how among Ghanaians must be addressed. To achieve this, he believes more…
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Chamber of IPPs compliments government’s efforts at resolving some energy challenges
The Chamber of Independent Power Producers, Distributors and Bulk Consumers has complimented the efforts of the Energy Minister, Dr. Mattew Opoku Prempeh, for his good leadership and working relationship that has helped in the settlement of some major issues in the energy sector. This follows an announcement by a Deputy Minister of Energy, William Owuraku…
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Clearance inspection agencies barred from ports are back – Stakeholders bemoan
Clearance inspection agencies, which were barred from operating at the nation’s ports by government in 2018, have returned to the ports on the blindside of government. This came to light at a forum on Port Relations organised by the Importers and Exporters Association of Ghana. Government in June 2018 charged all inspection agencies except the…