The outgoing president of the Association of Ghana Industries, Dr. Yaw Adu Gyamfi, has remarked that existing hurdles to government’s industrialisation agenda must be addressed head on. 

In his address at the 10th AGI Industry and Quality Awards, the pharmaceutical industrialist impressed on government to leverage on gains made through the 10 point industrialisation agenda for an improvement in the ease of doing business. 

“Today businesses in Africa now have access to a 1.2-billion-person market with real GDP projected to grow at 3.7%. This means Intra-African trade has the potential to increase significantly, especially considering the current low levels. The agreement also affords the creation of an enabling business environment, improve human capital, harmonize payments and settlement systems on the continent.”

“In all these, the private sector will carry out the bulk of investment, so a good business climate will be critical,” he stated. 

High cost of electricity, straight levy, access to credit remain major barriers to industrialisation - AGI

Also, Chief Executive of the AGI, Seth Twum Akwaboah warned that Ghana’s industrialisation agenda remains flawed if a free market regime is granted importers who bring in cheaper goods to compete with local ones. 

“There is no way we can develop our supply chains if we continue to promote policies that make imports cheaper. It also defeats job creation and our 1D1F initiatives risk becoming redundant. AGI called for a review of the policy and thankfully, this has received Government’s attention,” he stated.

The 10th AGI Industry and Quality Awards saw Nestle Ghana adjudged the Overall National Best Quality Company. 

List of Awards 

Best Industrial Company of the Year AwardWilmar Africa Ltd
2Best Corporate Social Responsibility CompanyB5 Plus
3Best Company EmployerOlam Ghana Ltd
4Young Enterprise Award (Innovation and Entrepreneurship)Nelplast Eco. Ltd
5Fastest Growing Company of the YearAlpha TnD Ltd
6Best Practices in Sustainable Manufacturing Company AwardGuinness Ghana Breweries Ltd
7National Quality AwardNestle Ghana
Diamond Category
8National Quality AwardUpfield
Gold Category
9National Quality AwardNestle Ghana
Overall National Best Quality Company
1Agri-BusinessWilmar Africa Ltd
2Automotive & TransportSilver Star Auto Ltd
3ChemicalAzar Chemical
4Electricals & ElectronicsNexans Kabelmetal ltd
5Financial ServicesEcobank Ghana Ltd
6Garments, Textiles & LeatherTex Styles Ghana Ltd
7BeveragesGuinness Ghana Breweries
8FoodNestle Ghana Ltd
9MetalFabrimetal Ltd
10PharmaceuticalsM&G Pharmaceuticals
11Printing, Stationery & PackagingJay Kay Industries
12ConstructionDiamond Cement
13I.C.TIT Consortium
14Oil & GasGoil Ltd
15Environment & SanitationSewerage Systems
16Hospitality and TourismAqua Safari Resort
1Best Regional Awards (Ashanti, Brong and Bono Regions)Amponsah Efah Pharmaceuticals
2Best Regional Awards (Western and Central Regions)Benso Oil Palm Plantation
3Best Regional Awards (Northern, Upper East and Upper WestPumptech Ltd
4Best Regional Awards (Volta and Eastern Regions)Caltech Ventures
1Albewini Consult LtdMarketing & Advertising
2JRA CosmeticsCosmetics Sector
3Mericom Solutions LtdIT Sector

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