Reduce power charges and interest rates to boost manufacturing

By | 2022-02-24T06:35:09+00:00 February 24th, 2022|

The new president of the Association of Ghana Industries (AGI) has recommended the government prioritise reducing the cost of electricity and the cost of credit for Ghanaian businesses.

According to the AGI president, Humphrey Ayim-Darke, these two cost centres undermine the competiveness of Ghana, which is unfortunate as the era of the African Continental Free Trade Area begins.

The Institute of Economic Affairs (IEA) business confidence preliminary survey report also identified high utility tariffs as “the most important constraints” businesses faced in 2021.

Image credit: Virgyl Sowah | Unsplash

Image credit: Virgyl Sowah | Unsplash

See: High tariffs, cost of credit top business concerns in first half – IEA survey