• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

AGI urges structural change of economy

24/11/2014
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp

The President of the Association of Ghana Industries, Mr James Asare-Adjei, has stated that until the structure of the economy is changed from import-led to export-driven, the country’s balance of trade will continue to be in the negative.

According to him, there is an urgent need to focus more on helping to grow the capacities of Ghanaian industries while reducing the taste for foreign products.

“If we do not nip this growing trend in the bud, I am afraid our local manufacturing industries risk becoming endangered species”, he said.

He thus welcomed plans by the government to establish an EXIM Bank, which he said would lead in the strategic positioning of the country as an export-led economy. He further expressed optimism that the bank would be pro-industry with credit facilities targeting the manufacturing sector.

Mr Adjei was speaking at the third AGI Ghana Industry Awards in Accra last Saturday to honour companies that had achieved outstanding success in various areas of industry and innovation in the year under review.

This year’s event was on the theme, “Rewarding Industry to Promote Made-in-Ghana Products”.
About the Awards

At the event, organised by AGI in collaboration with the Ministry of Trade and Industry, Guinness Ghana Limited won the overall Best Industrial Company of the Year 2013, while Unilever Ghana Limited took the Best Company Employer of the Year 2013.

Guinness Ghana also won the Food and Beverage sector award.

Others were the Young Enterprising Company of the Year 2013, Techcom Visions, Corporate Social Responsibility Company of the Year 2013, Airtel Ghana Limited,  Fastest Growing Company of the Year 2013, Olam Ghana Limited and the Best Enterprise in Sustainable Manufacturing, which went to Nestle Ghana Limited.

The recognition awards were won by Groupe Nduom, and ZYZ Ghana, for their commitment to entrepreneurship in the country.
Government support

Speaking on behalf of President John Dramani Mahama, the Minister of State in charge of Public Private Partnership

(PPP), Mr Rashid Pelpuo, said the government had embarked on a consumer-oriented made-in-Ghana agenda to cut the county’s import bill to reasonable size.

To that effect, he said, the government would continue to support the work of the Ghana Investment Promotion Council (GIPC) to achieve the ultimate goal of increasing local production.

For his part, the Deputy Minister of Trade and Industry, Mr Kweku Rickets-Hagan, lauded the AGI’s commitment to promoting industrialisation in the country and pledged the ministry’s support for its continuous growth and development.

Source: graphic business

Previous Post

IMF-Gov’t talks progress steadily

Next Post

Nigeria assures increased gas supply …as Ghana Gas opens taps

Related Posts

Potential of AfCFTA,,ghanatalksbusiness.com

E-commerce, payments and unlocking the potential of the AfCFTA

01/07/2022
world's most valuable brands

Apple ranks No.1 as World’s Most Valuable Brand, check out other top performers

29/06/2022
Africa's top 10 investment destinations, ghanatalksbusiness.com

CEOs reveal Africa’s top 10 investment destinations

28/06/2022
StockNow App, ghanatalksbusiness.com

StockNow to bring affordable working capital to Africa’s informal retail market

28/06/2022
Financial risk management, ghanatalksbusiness.com

Finance, Risk, and Financial Risk Management: From a Business Manager’s Standpoint

27/06/2022
5G Mokki

5G Mokki, the African Technology Space Network that will impact Global Businesses

20/06/2022
Next Post

Nigeria assures increased gas supply …as Ghana Gas opens taps

Be wary of workers’ wrath -- EIU advises gov’t

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2021 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2021 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In