AGI want tax regime that will make local producers competitive
The Association of Ghana Industries is calling on the government to introduce a tax regime that would make local producers competitive especially with the commencement of the Africa continental free trade Area agreement (AFCFTA).
Speaking to Citi Business News, Johnson Opoku-Boateng, Director of Business Development Service at AGI, says that the introduction of tax reliefs for local manufacturers will boost their production and better serve the economy.
“AGI is concerned about unfair competition and unfair trade practices. We should also be looking at the tariff regime. Instead of saying you want to reduce taxes for products that are coming from outside the country, that is finished products, so that you’d have volume coming in and based on the volume then you’re going to be having a lot of money from taxes, juxtapose that against Ghanaian industries who are employing Ghanaians here. They are going to be on the l
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Small and Medium Enterprises (SMEs) in the country have been asked to team-up to undertake big ticket transactions that can profit Africa’s over 1.2 billion consumers.
That will help position the country’s Small and Medium Enterprises to take advantage of the African Continental Free Trade Agreement (AfCFTA) which become operational in January 2020.
The event
The Chief Executive Officer (CEO) of the Association of Ghana Industries (AGI), Mr Seth Twum-Akwaboah, made the call at the opening of a three-day trade fair at the forecourt of the Accra Metropolitan Assembly (AMA).
Dubbed “Micro, Small and Medium Enterprises (MSMEs) Street Fair,” the event served as a one-stop shop for Christmas shoppers with about 100 exhibitors.
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Embrace Aggregation Concept For AfCFTA Benefit – MSMEs Advised Daily Guide Network
Seth Twum Akwaboah
SETH TWUM Akwaboah, Chief Executive Officer of the Association of Ghana Industries (AGI), has advised Micro Small Medium Enterprises (MSMEs) to embrace the concept of aggregation designed to rope Ghanaian MSMEs onto the business of intra Africa trade under the African Continental Free Trade Area (AfCFTA) agreement.
He explained that majority of MSMEs did not have the requisite capacity to export in large quantities and might also lack the technical know-how to export their wares when the free trade agreement took effect.
He therefore urged them to collaborate with export companies which would be set up to act as intermediaries between Ghanaian MSMEs and other potential customers on the African continent.
Ameyaw Debrah
Published 3 months ago
Joyce Ababio, renowned Ghanaian fashion designer, Founder and President of the Joyce Ababio College of Creative Design (JACCD) and CEO of Fashion Inclusion Production Company, has added a new baby to her long list of impressive achievements.
On December 19, she officially luanched the Joyce Ababio Black White & Accents concept store, located in 27 Ndabaningi Sithole Road (Josiah Tongogara Street) Labone, Accra. It is a concept store stocking amazing creations from various Ghanaian fashion designers.
According to Joyce Ababio, the shop does not only make it easy for people to find all the fantastic collections of top Ghanaian designers and brands in one space, but also helps to bring the designers together.
ITC and AGI partner to build the capacity of members on standards
The Eastern, Volta and Oti branch of the Association of Ghana Industries (AGI) is collaborating with the International Trade Centre(ITC) to equip members with knowledge on developing trade and sustainability standards.
The training forms part of efforts by the Association in the three regions to build the capacity of members to enable them to take advantage of the African Continental Free Trade Area(AfCFTA) which is scheduled to take off in January of 2021.
The webinar which was on the theme: “Sustainability map, your roadmap to sustainable consumption, production and Trade.”