Ghana Business News » General News https://www.ghanabusinessnews.com The first place for your business news Wed, 02 Sep 2015 16:54:19 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Consumers kick against proposed tariff increases https://www.ghanabusinessnews.com/2015/09/02/consumers-kick-against-proposed-tariff-increases/ https://www.ghanabusinessnews.com/2015/09/02/consumers-kick-against-proposed-tariff-increases/#comments Wed, 02 Sep 2015 12:06:06 +0000 https://www.ghanabusinessnews.com/?p=147480 Utility consumers in the Ashanti Region have called on the Public Utilities Regulatory Commission (PURC) to put on hold any planned tariff increases until the utility providers improved the quality…

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PURCUtility consumers in the Ashanti Region have called on the Public Utilities Regulatory Commission (PURC) to put on hold any planned tariff increases until the utility providers improved the quality of their services.

They said they had had enough of what they termed “high utility charges” amid poor service delivery.

Contributing to discussions on the proposed tariff increases by the service providers in Kumasi on Tuesday, they said they found it completely unacceptable that rise in tariffs over the years had not been matched by noticeable improvement in the quality of services.

They expressed the sentiment at a public forum organized by the PURC to collate views of consumers on the demand for upward adjustment in tariffs made by the utility providers – Volta River Authority (VRA), Ghana Grid Company (GRIDCO), Electricity Company of Ghana (ECG) and Ghana Water Company (GWC).

Members of various business associations including the Ghana Hairdressers Association, the Association of Ghana Industries, Association of Small-Scale Industries, Barbers Association and Ghana Wood Workers were present to state their positions.

They pointed out that the prevailing harsh economic situation, made worse by irregular power supply and its resultant load shedding, had severely crippled their operations and therefore opposed any idea of raising the tariff levels.

The utility companies together had proposed an upward review of tariffs by over 100 per cent – from 44 pesewas to 100 pesewas per unit of utility provided.

The consumers said if this demand was granted most businesses would collapse and more people would lose their jobs.

Mr Joseph Adoko, Principal Financial Analyst at the VRA, told the gathering that they were using about 80 per cent of their revenue to buy oil and gas to power thermal plants to generate electricity.

Mr Kofi Owiredu, Marketing and Operations Manager of GRIDCO, said the Company needed enough revenue to build additional transmission lines and other equipment so as to be able to transmit additional power, being generated by VRA.

Mr Ebenezer Baiden, Manager in-charge of Tariffs at the ECG, said they were installing new transformers and improving customer service at all centres.

Nana Yaw Barima Barnie, Commercial Manager of GWC, announced that the company had spent about US$768 million within the last three years to upgrade its facilities.

Dr. Emmanuel Annan, Chairman of the PURC, said the public hearing was to listen to the concerns of the people before any decision on the proposed tariffs was taken.

Source: GNA

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Power Ministry to reduce load-shedding for industrial sector https://www.ghanabusinessnews.com/2015/09/02/power-ministry-to-reduce-load-shedding-for-industrial-sector/ https://www.ghanabusinessnews.com/2015/09/02/power-ministry-to-reduce-load-shedding-for-industrial-sector/#comments Wed, 02 Sep 2015 11:44:04 +0000 https://www.ghanabusinessnews.com/?p=147478 The Power Ministry has directed the Load Management Committee to reduce the load being shed for the industrial sector from 130 megawatts to 100 megawatts with immediate effect. A statement…

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Dr. Kwabena Donkor - Minister of Power.
Dr. Kwabena Donkor – Minister of Power.

The Power Ministry has directed the Load Management Committee to reduce the load being shed for the industrial sector from 130 megawatts to 100 megawatts with immediate effect.

A statement from the Power Ministry and copied to the Ghana News Agency on Tuesday said Dr Kwabena Donkor, sector Minister, who gave the directive, said the reduction was attributed to an improvement in the electricity supply situation in the country.

The statement signed by Mr Kweku Sersah Johnson, Head of Public Affairs, said the Ministry was keeping a close eye on developments in the generation, distribution and supply of electricity, and would announce further changes as and when necessary.

The power crisis, which the country had battled with for months, is likely to reduce from September with the introduction of various measures including the procurement of power barges to help contain the situation.

Source: GNA

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Conversion of polytechnics into Universities not a rebranding exercise – Ablakwa https://www.ghanabusinessnews.com/2015/09/02/conversion-of-polytechnics-into-universities-not-a-rebranding-exercise-ablakwa/ https://www.ghanabusinessnews.com/2015/09/02/conversion-of-polytechnics-into-universities-not-a-rebranding-exercise-ablakwa/#comments Wed, 02 Sep 2015 08:01:19 +0000 https://www.ghanabusinessnews.com/?p=147468 Mr. Samuel Okudzeto Ablakwa, Deputy Minister of Education in charge of Tertiary Education, has said the conversion of the 10 polytechnics into technical universities is not a re-branding activity. “This is…

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Samuel Okudzeto-Ablakwa -  Deputy Education Minister
Samuel Okudzeto Ablakwa – Deputy Education Minister

Mr. Samuel Okudzeto Ablakwa, Deputy Minister of Education in charge of Tertiary Education, has said the conversion of the 10 polytechnics into technical universities is not a re-branding activity.

“This is not a rebranding exercise being undertaken by the Ministry, or an action to mimic the traditional universities, but a move to ensure hands on training and skills acquisition to meet the current needs of industry as a measure to accelerate the country’s economic growth”.

Mr. Ablakwa was responding to a question by a member of the Ghana National Union of Polytechnic Students on whether the conversion was not a mere political exercise as happened with the four-year senior high school policy, at the Union’s 23rd National Delegates Congress in Takoradi.

This year’s Annual Delegates Congress was under the theme: ‘Conversion of Polytechnics to Technical Universities: A Vehicle to accelerate Industrialization in Ghana.’

The Deputy Minister said technical experts had already travelled to Germany to pick up information on best practices on how such universities were running in that country and its overall benefits to industry and economic growth.

Mr. Ablakwa mentioned that to achieve economic transformation, the mandate of polytechnics which is mainly skills-driven, should play a lead role, adding: “we are refocusing, evaluating and re-strategizing Polytechnic education to build a strong industrial base for development.”

To this effect, a validation workshop had been organized on the report of the technical experts and a government white paper issued on the recommendations.

The Deputy Minister In charge of Tertiary Education said the proposed conversion would require eligible polytechnics to have  two faculties in a given department with four bachelor of technology programmes running, which calls for re-thinking into institutional arrangement.

Another recommendation was the need for a radical staff development programme to the PHD level.

Currently, there are about 80 PHD holders in the country’s Polytechnics, and 1, 386 Masters Degree holders with such lecturers having a minimum of five years’ experience in industry.

The Polytechnics are also to have Memoranda of Understanding between them and some selected industries.

Another significant component of the process would be the amendment of the Act that established Polytechnics across the country, and the introduction of a new law to regulate the sector before the eventual take-off in September 2016.

Mr. Lawrence Sarpong, National President of GNUPS, called for deliberate industrialization plan and effective resourcing of these technical training institutions to produce the needed manpower for the country.

Source: GNA

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Opportunity International inaugurates Tamale Branch https://www.ghanabusinessnews.com/2015/09/02/opportunity-international-inaugurates-tamale-branch/ https://www.ghanabusinessnews.com/2015/09/02/opportunity-international-inaugurates-tamale-branch/#comments Wed, 02 Sep 2015 07:18:06 +0000 https://www.ghanabusinessnews.com/?p=147463 Opportunity International, a Savings and Loans Company has opened a new branch at Tamale to cater for customers in the Northern Region. The new branch which is a step to…

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Opportunity-International-logoOpportunity International, a Savings and Loans Company has opened a new branch at Tamale to cater for customers in the Northern Region.

The new branch which is a step to fulfil the company’s promise to extend its services to the northern Part of Ghana, adds up to the existing 45 branch network of the financial institution.

Mr Kwame Owusu-Boateng, Chief Executive Officer (CEO) said the branch would create employment for qualified personnel to add up to the existing 782 dedicated workforce of Opportunity International.

Speaking at the ceremony, he said the company is committed to support small and medium scale enterprises which are an integral part of the Ghanaian economy.

“The focus of our business has been on sectors of the economy that is dominated by small and medium sized enterprises that are mostly in need of very small loan amounts for injection into their businesses.

“Evidence from our transformational impact has shown that our loans have had significant impact on the lives, families and communities of our clients”, he said.

The CEO noted that the company from such small beginnings is able to grow their clients and support them right through the process to the top, where they become significant players in their industry and communities.

Mr Abdul Hanan Gundadow, Tamale’s Metropolitan Chief Executive, commended Opportunity International for being a dependable partner to small and medium scale enterprises and entreated the company to serve the Tamale community to help transform the lives of market women in the metropolis.

“As you enter the Tamale market, we expect that you will serve our community with your life changing products and services so that we shall transform the lives of our market women and other micro clients”.

Mr J.T Kudah, Regional Manager of the Bank of Ghana advised customers to pay back when they borrow from financial institutions to enable the institutions render the best of support to businesses in the Ghanaian locality.

He said failure to repay credit facilities prevents other customers from accessing funds to support viable economic initiatives while limiting the viability of the institutions’ operations

Mr Kudah also cautioned the public to be mindful of unauthorised financial institutions acting in the name of microfinance and investment.

With the introduction of a range of electronic products and services including funds transfer, airtime top-up, and balance enquiry, Opportunity International has increased its loan portfolio to GHȻ 88.4 million with total deposit clients of more than 425,000 as at June.

The company has a deposit balance of GHȻ 85.5 million.

Voted “Non-Bank Financial Institution of the Year, 2013” by the Chartered Institute of Marketing Ghana, Management of Opportunity International Savings and Loans Limited envision reaching one million clients by 2020.

Source: GNA

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IMF wants Ghana to identify full cost of 2016 elections to avoid fiscal overruns https://www.ghanabusinessnews.com/2015/09/01/imf-wants-ghana-to-identify-full-cost-of-2016-elections-to-avoid-fiscal-overruns/ https://www.ghanabusinessnews.com/2015/09/01/imf-wants-ghana-to-identify-full-cost-of-2016-elections-to-avoid-fiscal-overruns/#comments Tue, 01 Sep 2015 16:15:50 +0000 https://www.ghanabusinessnews.com/?p=147461 It is known that every election year in Ghana, government budget and financial programmes overrun projected and allocated limits – it is a historical fact. The International Monetary Fund (IMF)…

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IMF2It is known that every election year in Ghana, government budget and financial programmes overrun projected and allocated limits – it is a historical fact.

The International Monetary Fund (IMF) has therefore called on the government to identify the full cost of the 2016 elections ahead of time and make provision for it.

“To avoid the risk of fiscal overruns in connection with next year’s election, it is imperative to identify the full cost related to the elections as early as possible and provision for it in the 2016 budget,” The IMF said after its Executive Board yesterday August 31, 2015, completed its first review of Ghana’s economic performance under the programme supported by a $918 million Extended Credit Facility (ECF) arrangement and went ahead to disburse the second tranche of the financial package amounting to $116.6 million.

Earlier in the year, the IMF released the first tranche of $114 million to the Bank of Ghana.

According to the IMF, while it is important to ensure that the country’s fiscal targets will be achieved. It is also important that the ongoing wage negotiations result in a wage agreement consistent with the medium-term wage bill envelope, and further enhancing revenue performance will also be key for continued fiscal consolidation.

The World Bank earlier in August, expressed fears that the country might not be able to stay within budget as 2016 beckons and the implementation of the recently acquired IMF Programme is likely to suffer slippages.

Mr. Min Zhu, the Acting Chair and Deputy Managing Director of the IMF was cited as saying, “Implementation of the ECF-supported programme by the Ghanaian authorities has been broadly satisfactory, despite an unfavorable economic environment. In particular, the government’s fiscal consolidation efforts are on track and it is encouraging that the government decided to liberalize the prices of fuel products, which bodes well for expenditure control, eliminating the need for fuel subsidies and the incurrence of arrears.”

According to him, “The government should firmly continue with its fiscal consolidation efforts to fully restore macroeconomic stability and mitigate financing risk. In this regard, it is crucial to continue the policy of controlling the wage bill by adhering to the net hiring freeze, excluding for health care and education, while further implementing the payroll clean-up plan. The government should continue to adhere to the domestic arrears clearance plan and avoid incurring any new arrears. Implementing structural reforms to strengthen expenditure control will support these efforts. At the same time, the government should use the resulting fiscal space to enhance its social protection programs to mitigate the potential impact of the fiscal consolidation on the poor.”

On the 2016 election spending, he said, “To avoid the risk of fiscal overruns in connection with next year’s election, it is imperative to identify the full cost related to the elections as early as possible and provision for it in the 2016 budget, while ensuring that the fiscal targets will be achieved. It is also important that the ongoing wage negotiations result in a wage agreement consistent with the medium-term wage bill envelope. Further enhancing revenue performance will also be key for continued fiscal consolidation.

Mr. Zhu, however believes that the government’s medium-term debt management strategy is a welcome step to help reduce near-term financing risks.

“The externally-oriented financing envisaged in 2015 will help reduce the pressure on the domestic debt market. However, the government should complement this strategy by striving to deepen the domestic debt market, as well as by seeking to borrow externally on concessional terms as much as possible,” he said.

On monetary policy, Mr. Zhu said, “The monetary policy stance will have to remain tight to help bring inflation down, against the background of exchange rate volatility. Bank of Ghana should stand ready to tighten monetary policy further if inflationary pressures do not recede as expected. The decision to introduce new liquidity management instruments is encouraging, as it will improve monetary policy transmission and make the inflation targeting framework more effective. Moreover, prompt implementation of two new banking laws currently under review by Parliament will help safeguard financial sector stability.”

By Emmanuel K. Dogbevi

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BNI chases contractor over bungalow project https://www.ghanabusinessnews.com/2015/09/01/bni-chases-contractor-over-bungalow-project/ https://www.ghanabusinessnews.com/2015/09/01/bni-chases-contractor-over-bungalow-project/#comments Tue, 01 Sep 2015 14:22:20 +0000 https://www.ghanabusinessnews.com/?p=147450 The Bureau of National Investigation (BNI) has mounted a search for the proprietor of M/E Ellokol Limited for allegedly abandoning a bungalow project located at Government Hill, a suburb of…

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BNIThe Bureau of National Investigation (BNI) has mounted a search for the proprietor of M/E Ellokol Limited for allegedly abandoning a bungalow project located at Government Hill, a suburb of Obuasi in the Ashanti Region.

Mr Richard Ofori-Agyemang, Obuasi Municipal Chief Executive (MCE), told the Ghana News Agency that the contractor had absconded after he received GH₡ 285,583.16 as part of the contract sum.

“Our efforts to get this contractor have not been successful and I have reported him to the security agencies. I have reported him to the BNI for them to look for him,” he said.

According to the Assembly, the Public Works Department, which is the consultant, has written series of letters to the contractor but the letters keep bouncing back, giving an indication of a wrong address.

The bungalow, which the Chief Executive described as over ambitious, is expected to have a guest house attached to host government officials and other dignitaries on national assignments to the area.

Mr Boadi said the move would significantly cut down cost and ease the pressure on the Assembly’s dwindling finances.

But, an Estate Developer, Mr Frank Aboagye Banyansah has accused the Assembly for bloating the projects figures.

He said the Assembly had been budgeting for completed projects and deliberately delay projects to cash in on them.

He cited the bungalow and other projects in the Assembly’s 2015 fiscal year budget as “fictitious” and called on the Ministry of Finance to reject it.

He said the projects and their corresponding amounts were “unrealistic” and faulted officials there for “trying to create, loot and share” at the expense of the taxpayer.

“It does not make sense to continue budgeting and paying every year for Municipal Chief Executive Bungalow that was started in 1997, that Bungalow never gets completed and every year they use it as money making venture,” Mr Banyansah said.

However, the Assembly has debunked the accusation, arguing that the budget went through due process – approved by the general assembly and scrutinised by the regional coordinating council before it was submitted to the Ministry of Finance.

The Assembly has, however, dismissed the claim and said it complied with the procedure for preparing composite budgetary.

Mr Isaac Appiah Nsiah, the Municipal Budget Officer said the budget was within the Ministry of Finance guidelines but noted that the commencement date of the MCE’s Bungalow quoted as 1997 was a mistake.

He said it was instead started in 2007 by the erstwhile New Patriotic Party government.

He said the anomaly has since been rectified, adding that what mattered most was the actual monies involved and commitment of the assembly to execute the projects it has budgeted for.

In the 90-page budget dated March 19, the assembly is requesting GH₵ 280,000 to complete the bungalow, under the project and contract name M/E Ellokol Limited.

The bungalow is roofed and plastered but the budget officer said the contract has to be terminated and re-awarded.

The contract sum is GH₵ 615,583.16 while the outstanding amount is GH₵ 330,000 but the contractor after receiving a portion of the money failed to continue the work, leaving the edifice overgrown with weeds.

Source: GNA

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IMF Board disburses second tranche of $116.6m to Ghana https://www.ghanabusinessnews.com/2015/09/01/imf-board-disburses-second-tranche-of-116-6m-to-ghana/ https://www.ghanabusinessnews.com/2015/09/01/imf-board-disburses-second-tranche-of-116-6m-to-ghana/#comments Tue, 01 Sep 2015 08:57:48 +0000 https://www.ghanabusinessnews.com/?p=147438 The Executive Board of the International Monetary Fund (IMF) yesterday August 31, 2015, completed its first review of Ghana’s economic performance under the programme supported by its $918 million Extended…

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IMF2The Executive Board of the International Monetary Fund (IMF) yesterday August 31, 2015, completed its first review of Ghana’s economic performance under the programme supported by its $918 million Extended Credit Facility (ECF) arrangement and went ahead to disburse the second tranche of the support amounting to $116.6 million.

The IMF announced that this brings to $233.1 million the total disbursement made so far to Ghana under the Facility.

According to the IMF, in completing the review, the Executive Board also granted waivers for the nonobservance of performance criteria regarding gross credit to government, and non-accumulation of external arrears, based on their minor and temporary nature and the corrective measures put in place by the authorities.

“The Executive Board also approved the authorities’ request for modifications of performance criteria,” it said.

The IMF on April 3, 2015 approved a three-year $918 million ECF to Ghana. It noted that the arrangement under the ECF for Ghana is in support of country’s medium-term economic reform programme.

The IMF outlines a summary of the programme it agreed on with Ghana as follows:

It says the government’s three-year economic reform programme seeks to support growth and help reduce poverty by restoring macroeconomic stability through an ambitious and sustained fiscal consolidation, a prudent debt management strategy with improved fiscal transparency, and an effective monetary policy framework.

Secondly, the programme foresees a pick-up in economic growth, starting in 2016, supported by expected increases in hydrocarbon production. Lower inflation and interest rates, combined with a stable exchange rate environment would help support private sector activity.

It also projects that increased oil exports and lower oil imports on the back of domestic gas production will support the improvement in the current account, which together with the surpluses on the financial and capital account will help build up gross reserves to a more adequate level over the medium term.

By Emmanuel K. Dogbevi

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Advertisers urged to exhibit high ethical standards https://www.ghanabusinessnews.com/2015/09/01/advertisers-urged-to-exhibit-high-ethical-standards/ https://www.ghanabusinessnews.com/2015/09/01/advertisers-urged-to-exhibit-high-ethical-standards/#comments Tue, 01 Sep 2015 08:16:02 +0000 https://www.ghanabusinessnews.com/?p=147431 Mr Joel Nettey, President of the Advertisers Association of Ghana, has called on members to live and practice the highest standards and ethics of the profession. This he said, is…

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Mr Joel Nettey, AAG President
Mr Joel Nettey, AAG President

Mr Joel Nettey, President of the Advertisers Association of Ghana, has called on members to live and practice the highest standards and ethics of the profession.

This he said, is important to weed out pretenders who give the advertising profession a bad name, saying self-regulation is the surest way to ensure only true professionals remain in the industry.

Mr Nettey made the call in his annual report for 2014 at the 24th Annual General Meeting of the Association in Accra.

He said the Advertising Authority Bill, which has been in the works for some time is currently before Cabinet for final approval and onward transmission to Parliament for consideration and passage.

The Bill when passed into law would help to regulate outdoor, radio, and TV advertising and serve as a guide for all advertisers across the country; both members and non-members.

“It is our sincere belief that this Bill will in no small way help bring sanity into our industry as a whole and we look forward to it” he added.

Mr Nettey also announced that the Advertising Association’s Gong-Gong Awards would be held on October 10.

He said as part of efforts to build good relations with counterparts in South Africa and Nigeria, there are plans to introduce a category for the awards that would allow foreign entries.

He urged members to ensure that all the deserving work they produced in 2014 from Creative, Media and Outdoor to Activations and Digital are duly entered.

Mr Nettey pledged his executives’ readiness to nurture a spirit of well-being and togetherness and forge ahead to move the advertising industry forward.

Source: GNA

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SMEs receive capacity building in second ENGINE dialogue https://www.ghanabusinessnews.com/2015/09/01/smes-receive-capacity-building-in-second-engine-dialogue/ https://www.ghanabusinessnews.com/2015/09/01/smes-receive-capacity-building-in-second-engine-dialogue/#comments Tue, 01 Sep 2015 08:03:01 +0000 https://www.ghanabusinessnews.com/?p=147428 TechnoServe with funding from the UK Government through the Department for International Development (DFID), has organised the second edition of the Enhancing Growth in New Enterprises (ENGINE) investors and financing…

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dfid-logoTechnoServe with funding from the UK Government through the Department for International Development (DFID), has organised the second edition of the Enhancing Growth in New Enterprises (ENGINE) investors and financing dialogue in Accra.

The dialogue was to strengthen linkages and closure of deals from the previous dialogue session.

The event saw 176 entrepreneurs creating new linkages and strengthening existing ones to facilitate deals between investors and financiers.

The entrepreneurs were made aware of the processes required in obtaining SME loans, private equity and impact funds, basic insurance products for SMEs as well as the creation of investor network pool for future deal considerations.

Madam Karri Geoldner Byrne, the Country Director of TechnoServe Ghana, said the platform provided an opportunity to support small and medium enterprises (SMEs) overcome their barriers, and to reaffirm the UK government’s commitment to supporting the growth and development of the Ghanaian economy.

The Country Director said the programme has so far committed GH₵3.1 million to 176 businesses.

Mr Samuel Baba Adongo, the Programme Director of ENGINE said TechnoServe is currently running a multiyear enterprise development to support micro and small enterprises (MSEs) to overcome barriers to growth and improve competitiveness.

He said that programme seeks to equip micro and small enterprises with the necessary skills and resources to improve their business plans and internal operations, while creating a thriving community of entrepreneurs through increased access to business development services and finance.

He noted that since the launch of ENGINE in April 2014, 176 small enterprises had received awards in various forms with additional 100 businesses expected to receive grants and technical assistance from the programme by the end of the year.

Mr Baba Yabdow, the Chief Executive Officer of Yabco Focus Company Limited, in an interview with the Ghana News Agency commended management of TechnoServe for organising the event for entrepreneurs in the country.

He said the interest rate on SME loans is a challenge to small business and called on government to ensure that the business environment was conducive for investors.

Mr Jeffery Odame Yeboah, the Head of Personal Banking, Universal Merchant Bank, said the Bank was ready to assist entrepreneurs to grow their businesses.

He commended DFID for supporting an initiative that provides cash and various forms of assistance in the form of Seed Capital and Aftercare Support Services to MSEs.

The session attracted 29 participating institutions and investors from the Banking sector, Savings and Loans Companies, Impact Funds, Private Equity firms, Venture Capital Firms, Micro-Finance Institutions and Other Specialised Funding Agencies.

Source: GNA

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Harmonise customs with international conventions – Printers Association https://www.ghanabusinessnews.com/2015/09/01/harmonise-customs-with-international-conventions-printers-association/ https://www.ghanabusinessnews.com/2015/09/01/harmonise-customs-with-international-conventions-printers-association/#comments Tue, 01 Sep 2015 07:27:23 +0000 https://www.ghanabusinessnews.com/?p=147425 The Ghana Printers and Paper Converters Association, says the 2016 budget should harmonise the Customs and duty laws on the book industry with international agreements. The Association said such laws…

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Ghana’s-Printing-IndustryThe Ghana Printers and Paper Converters Association, says the 2016 budget should harmonise the Customs and duty laws on the book industry with international agreements.

The Association said such laws need to be harmonised with the UNESCO Conventions and the Florence Agreement which exempt finished books and the raw materials as well as the inputs for the production of books from customs duty and the payment of VAT.

The Association said this recently during a stakeholders’ consultative meeting for the 2016 budget held in Accra.

Personalities present at the discussions included Mr Ato Forson, Deputy Minister of Finance; Dr Edward Larbi-Siaw, Director Ministry of Finance; Dr Mensah Bonsu, National Development Planning Commission; Mr Seidu Kotoma, Deputy Controller and Accountant General; and Alhaji Inusah Fuseini, Minister of Roads and Highways.

The Association said although government had approved a waiver of Customs Duty and VAT for the printing of textbooks and exercise books, the Gazette notification to give legal effect to the waiver ignored the word “inputs” and used only the supply of paper for the production of exercise and text books.

The association also asked government to assist some of the printing businesses affected by the June 3 flood and fire disaster.

Various contributions came from the Association of Road Contractors, Chamber of Mines, ISODEC, SEND-Ghana, African Centre for Economic Policy, UNICEF, Ghana National Association of Teachers and Penplusbytes.
Source: GNA

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