Accra: The Association of Ghana Industries (AGI) has conducted its Tema Regional annual general meeting, advocating for the government to implement a fair electricity tariff to support the survival of private enterprises. The meeting, which concluded a series of general meetings across the country for the AGI, centered around the theme: 'Creating a Conducive Business Environment for Industrial Competitiveness: 24-Hour in Perspective.'
According to Ghana News Agency, Mr. Seth Twum-Akwaboah, the Chief Executive Officer of the AGI, emphasized the significant impact of energy costs and erratic power supply on industrial production. While recognizing the necessity for companies within the power chain to thrive, Mr. Twum-Akwaboah stressed the importance of fair tariffs to ensure the private sector's survival. He highlighted ongoing engagements with the government aimed at achieving a balanced tariff structure, cautioning that unfair tariffs could jeopardize industrial growth.
Mr. Twum-Akwaboah further noted the importance of addressing external economic factors, such as policies, regulations, and tariffs, which lie beyond the industries' control. He asserted that resolving macroeconomic issues would enable industries to manage challenges within their domain effectively.
He also pointed out other obstacles faced by industries, including value chain development, unstable exchange rates, and taxation. Despite improvements in the exchange rate, the industries still grapple with cedi stability, which is crucial for effective planning and predictability. He urged the government to identify and support companies affected during the cedi appreciation period.
Additionally, Mr. Twum-Akwaboah addressed taxation concerns, stating that while the AGI is not opposed to taxation, it must be fair to ensure local industries remain competitive. He also highlighted challenges within the production value chain, noting the difficulty in sourcing materials locally, which often forces industries to import raw materials.
Dr. Eddie Akwetey, the Tema regional Chairman of the AGI, welcomed participants and recounted the leadership's engagements with stakeholders throughout the year. He mentioned ongoing efforts to collaborate with the Ningo-Prampram District Assembly (NIPDA) to encourage industries in the area to join the association and secure land for industrial expansion, as space in the main Tema area is limited.
Mr. Samuel Oteng, the Greater Accra East (Tema) Regional Director of the Environmental Protection Authority (EPA), addressed AGI members on permit acquisition, air pollution, and EPA operations. He urged timely permit renewals, warning that delays would result in penalties.
