Tag: Dr. Yaw Adu Gyamfi
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AGI calls for policies to boost indigenous industrialization drive
The Association of Ghana Industries has asked the government to initiate dedicated policies and incentives that will enable local industries to become competitive in its industrialization agenda. According to the Association, although local businesses have the potential to compete with foreign companies in Africa and other parts of the world, they are not exposed to…
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Mid-year review: AGI wants excise tax on bottled water removed
The Association of Ghana Industries (AGI) is calling for an excise tax waiver on bottled water in the mid-year budget review as it would help make companies in the sector more competitive and productive. The Association said the high excise regime on bottled water, a basic necessity in the country, is a major challenge…
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Industries won’t be affected by microfinance clean-up — AGI
The Association of Ghana Industries (AGI) says its members will not be affected by the closure of 347 microfinance companies in the country. The AGI insists the high-interest rates charged by microfinance institutions make it impossible for the businesses to borrow from them. “Getting money from the microfinance is not good for any industry. Most…
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Excise tax stamp: 1000 jobs could be lost over seized goods – AGI
The Association of Ghana Industries (AGI) has warned that over a thousand people in the beverages industry in Ghana could lose their jobs if the Ghana Revenue Authority (GRA) fails to remove compliance officers from the factories of its members and engage in further dialogue in relation to the tax stamp policy. According to the President…
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Businesses, bankers push for drop in BoG’s policy rate
The Monetary Policy Committee (MPC) of the Bank of Ghana may take any decision but increase its policy rate for banks. These are the indications from businesses and banks ahead of the announcement of the policy rate later on Monday [September 24, 2018]. The MPC has since the beginning of the year reduced its policy…
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Monitor stimulus package use to avoid ‘waste’ – AGI to govt
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…
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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…