Seth Twum Akwaboah Archives

04 Oct

AGI Applauds Government’s STEM Education Initiative

wontumionlineBusinessSeth Twum Akwaboah

The Association of Ghana Industries (AGI) has commended the government for the proactive stance in introducing Science, Technology, Engineering, and Mathematics (STEM) courses in secondary schools across the nation. CEO of AGI, Seth Twum Akwaboah, extended this commendation during the second STEM Promotion Roadshow, held at Abomosu Senior High School in the Eastern Region on Monday, October 2, 2023. “Government needs to be commended for its forward-thinking approach in introducing STEM courses in secondary schools. This initiative not only equips our youth with essential skills but also positions Ghana to compete in the global landscape of innovation and technology. AGI…

31 Aug

Industry Confident Of Stability For Remainder Of 2023

wontumionlineBusinessSeth Twum Akwaboah

Domestic manufacturers are hopeful that the current relative stability being experienced will remain throughout this year, following close to three years of a dire economic downturn. Inflation, after ending 2022 at 54.1 percent – a 22 year high, consistently declined from January to April but went up in May, June and July on account of higher food prices, implementation of new tax measures and utility tariff adjustments. Overall, it rose from 41.2 percent in April to 42.2 percent in May, 42.5 percent in June and further to 43.1 percent in July. Despite the uptick in inflation over the last three…

26 Aug

AGI Urges Industries To Reduce Carbon Footprint

wontumionlineBusinessAssociation of Ghana Industries, Seth Twum Akwaboah

The Association of Ghana Industries (AGI) has pledged to partner with relevant stakeholders to ensure that industries in the country reduce their carbon footprint. This, the association said, is crucial toward the contribution to the global call on reduction of carbon emission, which is gradually becoming harmful to the environment. In this vein, the AGI is encouraging its members to adopt renewables, which are a more efficient and cleaner source of energy in their operations, to minimise impacts on the environment. It said clean energy sources – such as solar, biomass and wind – are fast becoming the centre of…

26 Jun

AGI Cautions Against Removal Of Taxes On Imported Sanitary Pads

wontumionlineBusinessAssociation of Ghana Industries, sanitary pads, Seth Twum Akwaboah

The Association of Ghana Industries (AGI) is cautioning against any policy measure that seeks to remove taxes on imported sanitary pads at the expense of locally produced ones. It warned that such a move will be very detrimental to the economy. “Much as the waiver of duties/taxes on imported sanitary pads for our young women to make the pads more affordable may sound good, this will only end up completely wiping out the few local sanitary pad factories left in our country. Therefore, the Association is of the view that the call for removal of duties on imported sanitary pads…

10 Feb

DDEP: We’ve Reached A Point Where We Have No Choice – Seth Twum Akwaboah

wontumionlineBusinessDomestic Debt Exchange Programme, Seth Twum Akwaboah

The Chief Executive Officer of the Association of Ghana Industries, Seth Twum Akwaboah, says concerning the domestic debt exchange, stakeholders have no other choice than to sign onto it. According to him, without the domestic debt exchange, the country would not be able to access the financial support being offered by the International Monetary Fund and this could lead to devastating consequences for the economy. “We’ve reached a point where we don’t have a choice. So I think that it is generally believed and accepted that the IMF intervention is very critical for us at this stage and it’s also…