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Government creating enabling environment for businesses to thrive – Trade Minister
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, says government has created an enabling environment for businesses and exporters to grow and thrive.
She made the remarks during a working visit to Kasapreko PLC, where she interacted with management and staff of the company.
According to the Minister, Ghana’s macroeconomic indicators have improved significantly, making it easier for businesses to plan and operate.
“When I became Minister, industry players were worried about the exchange rate and how it affected pricing and working capital. Today, that is no longer the case. The economy has done well, and the cedi has appreciated,” she said.
Ofosu-Adjare noted that government’s economic recovery efforts under President John Dramani Mahama have stabilised the business environment, a development she said is already reflecting positively in the operations of local industries.
She explained that her ministry has adopted a deliberate approach of engaging exporters regularly to understand their challenges and address them promptly.
One of such issues, she said, was the time frame for the repatriation of export proceeds, which has since been resolved to help businesses improve cash flow.
The Minister expressed excitement about Kasapreko’s expansion plans, stressing that government is not only focused on attracting foreign direct investment but also committed to supporting Ghanaian-owned businesses.
“My presence here shows that I am interested in local businesses expanding and taking their rightful place in the industry,” she said.
She added that local entrepreneurs invest in Ghana, live in the country, and contribute directly to national development, and therefore deserve strong government support.
Ofosu-Adjare assured Kasapreko PLC of government’s continued support to ensure its growth and sustainability.
She revealed that she would engage the Ghana Water Company to address water supply challenges facing the company.
Management of Kasapreko PLC welcomed the Minister’s visit and commended government for policies that have helped stabilise the economy and improve business confidence.
By: Jacob Aggrey
Ghana’s First Lady, Lordina Mahama, has made a generous donation to the country’s national female Under-17 and Under-20 teams – Black Maidens and Black Princesses- as they continue preparations for major international assignments.
The donation, made on Friday, May 22, was presented on behalf of the First Lady by the Minister for Gender, Children and Social Protection, Agnes Naa Momo Lartey, at the GFA Technical Centre in Prampram.
The gesture forms part of efforts to motivate and support Ghana’s young female footballers as they prepare to represent the country on the international stage.
The donation included essential food items and toiletries aimed at supporting the welfare and well-being of the players and technical teams.
The donation included cartons of Milo, T-rolls, soft drinks, toiletries, and a range of essential supplies aimed at supporting the welfare of the players, enhancing camp conditions, and easing preparations ahead of their respective assignments.
The Black Maidens are currently engaged in preparations for the FIFA U-17 Women’s World Cup qualifiers and are set to take on Liberia women’s national under-17 football team in the second-leg encounter in Liberia this weekend.
Meanwhile, the Black Princesses have already secured qualification to the FIFA U-20 Women’s World Cup after overcoming Uganda in the qualifiers, extending Ghana’s remarkable record to eight consecutive appearances at the tournament.
The donation by the First Lady was expected to boost morale within both camps while reinforcing national support for the young female footballers who continue to make the country proud.
The prosecution has officially rested its case in The Republic v Solomon Asamoah & Another, the high-profile legal battle commonly referred to as the “Sky Train” case.
The Deputy Attorney General Justice Srem Sai announced the development, praising the state’s team of hard-working prosecutors for successfully anchoring the state’s evidence before the High Court.
The criminal trial centers on the former Chief Executive Officer and the former Board Chairman of the Ghana Infrastructure Investment Fund (GIIF).
The duo stands accused of illegally authorizing and paying out US$2 million to a foreign company without obtaining board directives or other mandatory statutory approvals.
State investigators have confirmed that the disbursed millions cannot be found.
Following the closure of the prosecution’s case, the accused persons moved the court for an opportunity to file a submission of no case.
The presiding judge granted the application, ordering the defense to submit their arguments by June 8.
The outcome of the June 8 filings will decide the fate of the trial:
With this, if the judge finds the defense’s submission convincing, the accused will be acquitted and discharged however, If the judge dismisses the submission, the court will order the accused officials to take the stand and explain why they should not face prison sentences.
By Edem Mensah-Tsotorme
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