The Association of Ghana Industries (AGI) has charged government to make the stimulus packages aimed at supporting ailing companies available by the end of the second quarter.
The Trade Minister, Alan Kyerematen, upon assumption of office promised to support existing companies to be competitive on the international market by providing them with financial support.
According to captains of industries, many companies are keenly waiting for the promise to manifest four months on.
President of the AGI, James Asare Agyei told Starr Business’ Osei Owusu Amankwaah that many industries are hopeful that the package will propel them to survive and support the economy.
He spoke at the sidelines of an event to brief business owners on steps Ministries, Departments and Agencies are embarking on to improve their services to better Ghana’s position on the World Bank Ease of Doing Business Index.
“It is better that such processes are fastened or hastened such that these businesses which hitherto are operating at very low capacities, businesses which are virtually folding up would be able to be supported,” Asare Agyei said.
Government is undertaking a diagnostic study of the companies to know the exact support they would need. It announced that the first face of the programme will see 100 companies benefit.
The minister said the support will not only be monetary.
“Some existing companies just required marketing support, new technologies and additional investment capital in order to expand and create employment avenues,” Kyerematen told the parliamentary vetting committee.
