- Ayim-Darke calls for tariff reduction
- Seeks financial policies to support businesses
The President of the Association of Ghana Industries (AGI), Dr Humphrey Ayim-Darke, has called for a reduction in electricity tariffs to ensure Ghanaian businesses are competitive, especially as the Africa Free Continental Trade Area (AFCTA) kicks in.
“Going forward, some key policy issues we would be pursuing will include the re-consideration of the tariff regime that requires industry to subsidize domestic use of power. It is our opinion that if we are to compete in the African Continental Free Trade market area, we must re-look at our cost of power,” he said.
“In addition to that, we reiterate the government’s need to be intentional about creating financial support systems for industries, particularly SMEs, to nurture and grow them. As the immediate past Vice President in charge of SMEs, I am very familiar with their challenges, which include the cost of and access to funding, amidst others,” Ayim-Darke stated.