Tag: AGI
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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…
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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…
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Opponents of CTN demand strict monitoring at ports
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.…
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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…
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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)…
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Importers reject tax evasion claims by AGI
Importers and freight forwarders have dismissed claims of engaging in malpractices at the ports leading to the gradual collapse of local manufacturing industries. They maintain that such allegations could not be possible as they go through strict scrutiny in the clearing process. The comments come on the back of concerns raised by the Association of…
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AGI up in arms over ‘rot’ at ports
The Association of Ghana Industries (AGI) is demanding that government intervenes to stop what it describes as trade malpractices at the ports, if it is to grow the manufacturing sector. The AGI argues that the development which has been perpetrated for years, threatens government’s major policies such as the one district, one factory as well…
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Contractors want law to back interests on delayed payments
Contractors in Ghana want government to pass a law that will enforce the payment of interests on delayed payments for public construction works. They argue that they are overburdened with high interest rates on loans from banks and often lose out when payments are delayed without interest. For instance, government’s indebtedness to road contractors is…
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Industry divided over reduced cost of gas
There have been mixed reactions to government’s announcement of a 26% reduction in the cost of gas to businesses that rely heavily on the product. While industry has wholly welcomed the move, some industry analysts have cautioned against the outstanding debts facing institutions involved in the supply of gas. Citi Business News spoke to a…
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Industries demand swift release of stimulus packages
The Ghana National Chamber of Commerce and Industry (GNCCI) has demanded swift action in releasing the stimulus packages announced by government to distressed businesses. Government as part of plans to improve the business environment in the country, in 2017, began processes to support businesses in distress through support packages. The Trade and Industry Ministry has announced…