Tag: AGI
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AGI moves to reduce cost of energy for industries
In its quest to cut rising energy costs for industries, the Association of Ghana Industries-Energy Service Centre (AGI-ESC), has launched a network to promote the use of renewable energy to reduce cost in energy usage within Ghana’s industrial sector. Dubbed “Energy Efficiency Network (EEN)”, it will provide a platform for industries in Ghana to improve…
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MASLOC, Association of Small Industries sign MoU to strengthen collaboration
The Microfinance and Small Loans Centre (MASLOC) and the Association of Small Industries (ASSI) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration. The MoU will serve as the foundation for MASLOC’s support of ASSI. Under the arrangement, ASSI will have access to digital credit facilities for its members, which will be provided…
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Modify old trade conventions to favor local printing firms – AGI tells govt
The Association of Ghana Industries is calling on government to review some outdated trade policies to give a boost to local producers within the printing, packaging and labeling space. The Association explains that with the growing presence of industrial revolution in the country, local producers have built their competences to meet the demand of clients…
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Re-consider computation of VAT for local industries- AGI tells govt
Government is being urged to reconsider its current calculation of Value Added Tax (VAT) on indigenous companies whose annual revenue exceed GHS 500,000 per annum to reduce the economic burden on local industries. According to the Association of Ghana Industries per the current calculations of VAT of 15% and the summation of the COVID levy,…
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Utility tariff increase will cripple businesses – AGI
The Association of Ghana Industries (AGI) has expressed disappointment at the Public Utilities Regulatory Commission (PURC) for announcing an upward adjustment in utility tariffs. Effective June 1, 2023, the cost of water services will see an upward adjustment for all consumer groups whiles electricity and natural gas is also expected to go up by 18.36%.…
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Propak Ghana 2023 inaugural ceremony slated for June 6-8 at AICC
As part of strategies to meet the demands of companies and individuals in the manufacturing industry, Propak Ghana is scheduled to have its inaugural ceremony in Accra from June 6-8, 2023, at the Accra International Conference Centre (AICC). The event promises to offer a platform for trading, business networking, learning and product sourcing. It is…
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AGI disappointed over passage of 3 new revenue bills
The Association of Ghana Industries (AGI) has expressed disappointment over the passage of government’s three new tax bills into law, by Parliament. In a statement signed by its Chief Executive Officer, Seth Twum Akwaboah, the Association, said the passage of the bills is detrimental to the economic growth of the country because they “pose very…
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AGI calls for clearer modalities on DDEP
The Association of Ghana Industries is calling on government and its key institutions to carefully consider some components of the Domestic Debt Exchange Programme (DDEP) as the current structure of the programme has the propensity to stifle the flow of liquidity to its members. Government is embarking on a debt restructuring programme to enable it access…
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Oti Region is a dream place for any investor – Kenyan High Commissioner to Ghana
The Oti Regional Minister, Joshua Makubu has called on both local and foreign investors to take advantage of the region’s economic potential and invest to develop the area. Addressing a delegation led by the Kenyan High Commissioner to Ghana, H.E Eliphas Barine, the Oti Regional Minister noted that, “the region is fast developing and will…
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AGI reiterates calls for the implementation of policies to support businesses
The Association of Ghana Industries, AGI, has reiterated calls for the introduction of deliberate policies and programmes to support industries or businesses. According to the AGI, this is one of the best ways that the country can overcome its current economic crisis. Speaking at the 5th Ghana Industrial Exhibition Summit in Accra, President of the…