Tag: Manufacturing
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Apparel manufacturers call for increased investments to boost industry
The Ghana Apparel Manufacturers Association is asking government to prioritize investment in the industry to make the country the preferred apparel manufacturing hub. The group which is largest apparel-based business advocacy organization in Ghana says given the right support, it will be able to produce t-shirts on large scale to support other sectors including players…
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Increased manufacturing pushes PPI for April to over 11%
The average price of goods and services received by domestic producers in the country for their production activities, in the month of April 2021 went up by 11.1%, when compared with the prices received by the producers in April 2020. The increase in prices which brings the producer price inflation rate for April 2021, to…
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PPI for November 2020 increased slightly to 8.8% – Statistical Service
New figures released by the Ghana Statistical Service (GSS), indicate that the Producer Price Inflation rate for November 2020 was 8.8 percent. This rate indicates that between November 2019 and November 2020 (year-on-year), the PPI increased by 8.8 percent. It also represents a 0.4 percentage point increase in producer inflation relative to the rate recorded…
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Bank of Ghana indices show boost in real sector despite impact of COVID-19
New data released by the Bank of Ghana indicates that some selected real sector indicators showed improvements in economic activity in the first quarter of 2020 in spite of the general downturn in economic activity as a result of the negative impact of COVID-19 on the real sector. The real Sector comprises households, non-financial organisations…
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Producer Price Inflation for June records marginal increase
The Producer Price Inflation for June 2020 saw a marginal increase compared to the same period last month. The PPI increased by 0.3 percent, recording 8.7 percentage points, compared to 8.4 percent it recorded same time in May. This means the year on year PPI, thus between June 2019 and June 2020, increased by 8.7…
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Cement manufacturers dispute allegations of tax evasion
The Chamber of Cement manufacturers (COGMAG) has rejected allegations of evasion of taxes in relation to the importation of clinker at the country’s Ports. Some media portals on Monday reported that cement manufacturing companies have shortchanged the country by over US$100million lost at the port as a result of such practices. The report claimed that…
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Ekumfi Fruits Factory ready for inauguration — 1D1F Coordinator
The Ekumfi Fruits and Juices Company Limited, the first factory President Nana Addo Dankwa Akuffo-Addo inaugurated at Ekumfi under the One-District-One-Factory (1D1F project in 2017, is ready for commercial production. The facility will be the biggest fruits processing factory in West Africa, with the capacity to process 10 tons of fruits per hour. Mrs. Gifty…
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South African giant drug manufacturer exits Ghana; sells off investment
South African drug manufacturer Adcock Ingram has disposed of its shares in local drug company Ayrton Drugs Manufacturing Company after describing the company’s performance as not meeting their expectations. The South African-based company had a 53 percent stake in Ayrton Drug but in a statement that announces its 2019 half-year performance, the company revealed that…
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Producer Price Inflation for April records 7.1 percent
The Producer Price Inflation (PPI) rate for April 2019 has hit 7.1 percent. This shows a monthly change rate of 0.9 percent when compared to March 2019. The PPI measures the average change over time in the prices received by domestic producers for their goods and services. Speaking at a press conference, the Government Statistician…
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Biscuit producers want prompt government’s response to petition
Biscuit Manufacturers in the country are calling on the government to speed up with a response to their petition. The petition was sent to address unfavorable competition between local and imported biscuit. The local manufacturers complain that the development is hindering their expansion thus are not able to employ more people among others. Of the…