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Tag Archives: AGI

Intravenous infusions seeks $5m stimulus package for expansion

Managing Director, Intravenous infusions limited - David Klutse

A pharmaceutical products manufacturer, Intravenous infusions limited, is urging the swift release of the stimulus package to assist in its operations. The company is yet to receive the support after a year of applying for the funding. The company’s Managing Director, David Klutse is also hopeful of its expansion into other West African countries with the support. The comments come ...

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Monitor stimulus package use to avoid ‘waste’ – AGI to govt

Humphrey Ayim-Darkeh, Vice President, AGI

The Association of Ghana Industries (AGI) is demanding that the government comes clear on how it intends to account for the stimulus packages that it is offering to distressed companies. The AGI fears that the taxpayer risks losing hugely if beneficiaries are unable to account for their allocation. Meanwhile the AGI’s business barometer report has shown a marginal dip in ...

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Lending rates to remain high despite drop in reference rate 

Prof. Godfred Bokpin - Head, Dept of Finance at UG

Lending rates of commercial banks may not be declining anytime soon despite the change in the formula of calculating the lending rates of banks. That is the position of Economist, Professor Godfred Bokpin. His comments come despite a marginal reduction in the Bank of Ghana’s new reference rate for May. Meanwhile business associations have lauded the marginal drop for this ...

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Architects join call for local content law                                              


The Ghana Institute of Architects (GIA) is pushing for the preparation and possible passage of a local content policy for the construction industry. They contend that the passing of the bill will guarantee their increasing involvement and active participation in Ghana’s construction industry. “There is a major action on what we call the local content bill. There’s been years of ...

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AGI demands swift passage of local content law

Rockson Dogbega - Chairman of the construction subsector of the Association of Ghana Industries (AGI)

The Association of Ghana Industries (AGI), is pushing for the speedy passage of a local content policy to address what they describe as the imbalances in the construction industry. A local content policy, the association says, is urgently required to increase the opportunities and incentives for local construction firms. The AGI believes this should help develop the  capacity of its ...

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New plastic composite bricks set for the market – AGI


The Association of Ghana Industries (AGI) in partnership with eight companies who are the founding members of Ghana Recycling Initiative by Private Enterprises (GRIPE) is set to launch bricks generated from plastic waste in September 2018. This forms part of measures to address the growing unemployment situation in the country with the provision of jobs through scalable recycling solutions. In ...

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Businesses track ECG on reimbursement promise


Businesses are expecting that the Electricity Company of Ghana (ECG) would live by its assurance of implementing the reduction in electricity tariffs from the 1st of April as announced. Even though the reduction has been initially scheduled to take effect today, ECG maintains consumers should see it reflect from next month due to the monthly billing system. According to the ...

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Opponents of CTN demand strict monitoring at ports

Kwabena Ofosu Appiah - President, Ghana Institute of Freight Forwarders

Business associations want custom authorities to be tough and avert any lapses in the clearing process at the ports. They argue that the inability to implement existing laws have partly accounted for the losses hence must be checked. The comment comes after the suspension of the Cargo Tracking Notes (CTN) last Friday, February 16, 2018. Obviously pleased with the decision ...

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PURC meets key stakeholders on tariff reduction


The Public Utility Regulatory Commission (PURC) is set to meet key stakeholders today – February 12, 2018, over the proposed reduction in electricity tariffs. The stakeholders expected at today’s meeting include the Association of Ghana Industries (AGI). Today’s meeting is among the numerous negotiations to determine the reduction in tariffs for businesses. This is also in fulfillment of government’s plan ...

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AGI meets PURC over tariff reduction


The Association of Ghana Industries (AGI) wants regulators in the power sector to clamp down on illegal users of electricity in order to reduce the rising operational losses. The AGI believes this should afford stakeholders the opportunity to reduce the tariff for genuine users. The comment follows negotiations with the Public Utility Regulatory Commission (PURC) to reduce the cost of ...

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