Tag: Association of Ghana Industries
-
Increasing policy rate to check inflation not working, review approach – AGI to BoG
The Association of Ghana Industries (AGI) admonishes the central bank to review its strategy of an upward adjustment in the policy rate to check inflation. AGI thinks that the approach has over the period failed to address the challenge with inflation currently standing at over 40 per cent despite consistent hikes in the policy rate.…
-
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…
-
AGI calls for proper implementation of gov’t policies to check inflation
The Association of Ghana Industries (AGI) has bemoaned the lack of effective implementation of key government policies and their impact on the operations of businesses in the country. Citing the deregulation policy and fertilizer subsidy program as examples, the Association believes the government needs to sit up so the key policies can achieve their intended…
-
BoG must be innovative in dealing with rise in PPI – AGI
The Association of Ghana Industries (AGI) is calling on the government through the Bank of Ghana to be more innovative in its approach to dealing with the continuous surge in producer price inflation. Currently, the cost incurred by producers of goods and services in the country stands at 31.2 percent. According to the President of…
-
60 SMEs to benefit from German Government funded SME Grant Scheme
Sixty Ghanaian Small and Medium Enterprises (SMEs) across the country are set to participate in the SME Grant Scheme for Job Creation, a project supported by Invest for Jobs, an initiative of the German Federal Ministry for Economic Cooperation and Development and implemented by the Association of Ghana Industries. The objective of the Grant Scheme…
-
We’re hoping for survival of Ghana’s new Development Bank – AGI
President of the Association of Ghana Industries (AGI), Dr Yaw Adu Gyamfi has expressed confidence in the sustainability of Ghana’s development bank. According to him, the development bank will serve as a panacea for addressing long term financing challenges experienced by local industries. The Government of Ghana in partnership with the European Investment Bank, and…
-
AGI beefs up efforts in promoting investment, export through GESP
The Association of Ghana Industries (AGI) has intensified efforts to attract investment for the country through the Ghana Employment and Social Protection Program (GESP). The program, which commenced in 2018 with a total commitment of 31.6 million pounds from the European Union, is aimed at strengthening social protection and employment systems in the country. Speaking…
-
Newly proposed taxes a huge hindrance to businesses’ recovery from COVID-19 impact – AGI
The Association of Ghana Industries (AGI) is alarmed at the government’s newly proposed taxes as outlined in the 2021 Budget Statement and Economic Policy. It fears these taxes introduced will have a huge toll on the business community particularly at a time when players are reeling from the devastating effects of the COVID-19 pandemic. Speaking…
-
AGI troubled with rising COVID-19 cases and implications on demand of goods
The Association of Ghana Industries (AGI) says the business community is concerned about a possible slowdown in demand for their goods and services if the disturbing situation with COVID-19 in the country is not managed effectively. Between May and June of last year, at the height of the Coronavirus pandemic, the Ghana Statistical Service (GSS),…
-
SMEs urged to use appropriate channels to acquire certification of products
The Ghana Standards Authority has urged Small, Medium and Micro Enterprises (SMEs) to seek early expert advice from the authority and register products in line with the laws of the country. This follows a Citi Business News report that, a lot of small medium enterprises and start-ups do not obtain certification from the Ghana Standards…