Enterprise Information of Wednesday, eleven February 2015
Supply: GNA
Dr. Ekow Spio-Garbrah, the Minister of Commerce and Business has reiterated authorities’s dedication to enhancing the Ghanaian enterprise local weather and financial system by way of the promotion of funding and personal sector improvement.
He stated authorities is shifting to resolve the facility drawback and the shortage of lengthy-time period low curiosity credit for companies.
It’s on this course that authorities has revised the Ghana Funding Promotion Centre (GIPC) Act, and the Export Commerce, Agricultural and Funding Improvement Fund (EDAIF) Act to assist scale back the price of doing enterprise and avail medium to long run funding for companies.
The Minister was addressing members on the Ghanaian-German Financial Affiliation’s Enterprise Discussion board on the theme “The Enterprise Outlook in Ghana”.
He stated the Ministry of Commerce and Business had taken measures, together with the providing of stimulus packages for chosen industries such because the agro-processing and pharmaceutical industries, promotion of regionally-manufactured items and the assessment of tariffs to draw buyers.
The Minister stated the 2015 price range was developed to drive socio-financial transformation inside the framework of the Ghana Shared Progress and Improvement Agenda, 2014-2017 (GSGDA II), which has the medium time period imaginative and prescient: “A secure, united, inclusive and affluent nation with alternatives for all”.
The transformation rests on strengthening the important establishments of excellent governance, selling export-led progress and enhancing business by regionally-processed worth addition.
He stated regardless of challenges, Ghana’s financial system had maintained a commendable common annual progress fee of about 6 per cent over the previous six years.
Dr. Ekow Spio-Garbrah expressed the hope that German companies, particularly the personal sector, will companion Ghanaian companies within the Power, Agro-processing, transportation and aluminium industries to rework assets to consumption and capital items.
The President of the GGEA, Mr Stephen Antwi, stated the GGEA’s first occasion for the yr was to allow the members and different entrepreneurs to community and discover enterprise linkages.
He stated 2014 was a difficult yr for companies due primarily to the power disaster and expressed the hope that a answer can be discovered quickly to cope with the disaster.