AGI demands further downward review of electricity tariffs

By
Florence Afriyie Mensah, GNA

Kumasi, Oct 19, GNA – The Association for
Ghana Industries (AGI) has pleaded with the government to further reduce
electricity tariffs to enable manufacturing industries survive.

Mrs. Gyamfua Owusu-Akyaw, the Ashanti and
Brong-Ahafo Regional Chairperson, AGI, speaking at the 19th Annual
General Meeting (AGM), of the AGI in Kumasi, said the AGI appreciated the
current reduction, but “the rate is still high”.

She commended the government for the numerous
policies and initiatives to facilitating industrial growth such as the single
window clearance, abolishing of “nuisance” taxes and stimulus packages for both
distressed companies and the 1D1F policy among others interventions.

The Chairperson however indicated that the
high rate of some taxes and levies, environmental protection tax, import duties
on raw materials, municipal and district billboard levies were also sources of
maximum concern due to its potential to stifle industrial growth.

Mrs Owusu-Akyaw spoke of what the AGI was
doing in assisting to resolve some of the challenges their members in the two
regions were facing following complaints from members especially with regard to
the accessibility of the government’s stimulus package and the One District One
Factory (1D1F) initiative.

The meeting, which was held under the theme
“Addressing the challenges of doing business in Ghana”, was aimed at taking
stock of the Association’s activities over the past year, access current
circumstances and use lessons learnt to inform actions that enhanced operations
and growth of business.

Mrs. Owusu-Akyaw said that they were focusing
on achieving efficient operations by eliminating major bottlenecks, especially
for new entrants to the industry.

Mr. Simon Osei-Mensah, Ashanti Regional
Minister, reiterated that government was growing the economy and creating
wealth for the people through private sector empowerment, urging all business
owners to support the various government initiatives.

The government has therefore taken steps to
restore the micro-economic stability and shifted the focus of economic
management from taxation to production.

Mr. Osei-Mensah called on the AGI to be
“captains” to lead production activities in the country.

He recommitted their continuous support to the
private sector and stabilizing the economy.

GNA

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