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Tuesday, March 5, 2024

AGI President Urges Government to Fine-Tune Import Regulations for Strategic Products

BY: Daniel Orlando | Voltaonlinegh.com |
Dr. Humphrey K. Ayim-Dake, President of the Association of Ghana Industries (AGI), has called on the Ministry of Trade and Industry to intensify efforts in fine-tuning the implementation of the Export and Import (Restrictions on Importation of Selected Strategic Products) Regulations, 2023.

The government aims to restrict the importation of certain products, and Dr. Ayim-Dake emphasizes the need for careful calibration in the execution of these regulations.

Dr. Ayim-Dake expressed AGI’s support for the regulation of imports, asserting that local industries possess the capability to manufacture large quantities of the imported items. These items include cement, sugar, canned tomatoes, soft drinks, animal and vegetable oil, margarine, fruit juices, noodles and pasta, ceramic tiles, mineral water, iron and steel, soap, and detergent, among others.

Highlighting the significance of a well-thought-out approach, Dr. Ayim-Dake stressed the importance of calculated, targeted policies and interventions that will contribute to rapid economic growth. He pointed out that high utility tariffs are exerting pressure on the beverage sector, making production challenging, and called on the government for renegotiations.

The 63rd Annual General Meeting of the Association of Ghana Industries was themed “Industrialisation through Sustainable and Efficient Value Chain.” Dr. Ayim-Dake affirmed AGI’s commitment to spearheading initiatives, advocating for policies that promote sustainable industrial practices, and fostering collaborations to strengthen the entire value chain.

Kwasi Ofori-Antwi, the Representative of K.T Hammond, Minister of Trade and Industry, stated that the government has been actively pursuing an industrial transformation agenda to reshape the industrial landscape of the Ghanaian economy. He urged industries to persist in adopting sustainable and efficient supply chain strategies to ensure the continuity of sustainable industrial operations.

Source: www.voltaonlinegh.com 

Volta Online
Volta Onlinehttps://voltaonlinegh.com
www.voltaonlinegh.com is an online portal or website that seeks to project the Volta region in the right way within the region, Ghana and the international community. The website’s main interest is to provide news and information on tourism, business and investment opportunities, personalities, entrepreneurship, sports and culture of the people. It also seeks to become the leader in branding the region appropriately by providing the right blend of video, audio, text, advertising, promotion and Public relations techniques. You can send stories, articles and contact us via mail; voltaonlinegh@gmail.com

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