The Association of Ghana Industries (AGI) has welcomed the newly-appointed Minister of Trade and Industry, Dr. Ekow Spio Garbrah, to resolve the numerous challenges facing industry, including the vexed issue of dumping on the Ghanaian market.
Dr. Ekow Spio-Garbrah during his swearing in assured the President that he will put in his optimum best to ensure the realization of the nation?s goals looking to add more value to exports.
AGI assured that it will work with government and its business leaders to know the challenges and to provide the necessary remedy for the economic development of the country.
The Chief Executive Officer of the Association of Ghana Industries (AGI), Seth Twum-Akwaboah speaking to Citi Business News said a key issue the new Minister should be working on is how to expand the Export Development and Agricultural Investment Fund to include equity and loans to support the manufacturing sector.
?As always AGI has been working with every Minister so we can remove obstacles in the development of industry in Ghana so it will foster our development. we have large volumes of imports coming into the country to compete in selling in the? local industry and that has had a huge toll on the local industry killing the local industry.?
He also touched on major constraints facing industry include unfair competition from cheap imports, lack of access to finance and the unpredictable power supply.
He said no country could develop on the back of imports, adding that the challenges called for a structured regular intervention.
NORVAN ACQUAH ? HAYFORD/BUSINESS.CITIFMONLINE.COM
