Tag: AGI
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Govt engages industry over 1 district, 1 factory project
Government has begun engaging industry players in fulfillment of its one district one factory policy which it intends to begin soon. This also follows government’s intention to involve the private sector in the implementation of the policy. As part of the consultations, the National Coordinator of the one district, one factory policy; Gifty Ohene Konadu…
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Declining inflation, ‘stable’ cedi to signal drop in policy rate
Economists are highly expectant of a reduction in the policy rate by the Monetary Policy Committee (MPC) of the Bank of Ghana as the Committee prepares to announce its new rate next Monday. They cite the declining inflation, relative stability of the cedi and government’s pro business agenda as the basis for their claims. “Obviously…
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EXIM Bank gets new CEO
President Nana Akufo Addo has appointed Mr. Lawrence Agyinsam as the Chief Executive Officer (CEO) of the Ghana Export Import (EXIM) Bank. His appointment is however pending receipt of the constitutionally required advice of the governing board of the Bank and in consultation with the Public Services Commission. A letter signed by President Akufo Addo…
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Spare parts dealers to reduce prices over tax cuts (Video)
Consumers of spare parts should expect reduction in prices of goods within the coming months. The reduction has been necessitated by the abolishing of the levy on imported spare parts. Presenting the first budget by the NPP government in Parliament on Thursday, Finance Minister, Ken Ofori-Atta announced that importers will no more be paying…
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Tax cuts, job creation top expectations of 2017 budget
Pending the budget presentation by the Finance Minister Ken Ofori Atta today, industry players and business associations have reiterated calls for the solutions to their numerous needs to be captured in the budget. The budget, the first for the NPP government, is expected to capture how the government intends to allocate its resources for the…
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Businesses still reel under high cost of utility, taxes – AGI report
High cost of utility still remains one of the major challenges confronting businesses in Ghana. This is according to the Association of Ghana Industries (AGI)’s 2016 fourth quarter business barometer report. According to the report, high cost of credit, multiplicity of taxes and cedi depreciation followed closely as top challenges for businesses. Comparing the third…
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AGI renews call for long term solution to load shedding
Following the official commencement of work by the Energy Minister, Boakye Agyarko, the Association of Ghana Industries (AGI) is advocating that the medium to a long-term strategic plan to correct the country’s power challenges is implemented. “We must make sure that particularly we can look beyond that short-term solution to our energy challenges. This time…
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Businesses welcome new ministry of business development
Business associations have hailed the creation of the new Ministry of Business Development. The businesses argue that the ministry will take them a step closer to solving their numerous business challenges. President Nana Addo in his third batch of ministerial nominations, announced the Chief Executive Officer of Marble Communications Group Limited, publishers of the Finder…
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AGI seeks ‘favourable’ business environment from NPP
The Association of Ghana Industries (AGI) has reiterated its call for the President elect, Nana Akufo Addo to within a month, contact the association to discuss plans for promoting industrial development in Ghana. This, AGI believes will ensure the rapid change towards achieving a sustainable economic development. In an interview with Citi Business News, President…
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Industries urge sustainable policies to aid planning
The Association of Ghana Industries, AGI, is demanding sustainable macro-economic policies to favour the growth of businesses. According to the AGI, policies that transcend into the long term will help its members and investors alike, plan and strategize for growth. “AGI thinks that it’s a welcoming development and we are looking forward to the sustainability…