The Ministry of Trade and Industry has given the assurance that by the first quarter of 2014, it will amend the regulations bar the clearance of goods and services at various ports in the evening to reduce the cost of doing business in the country.
According to the Ministry, come next year it will encourage the running of the Tema and Takoradi ports on twenty-four hour basis to reduce cost of clearing goods at the ports.
Alhaji Haruna Iddrissu gave this assurance when he delivered an address at the commissioning and sod-cutting ceremony for the final phase of four–step infrastructural development project at the factory of Promasidor Ghana Limited, one of the leading beverage producers in the country.
The Minister who is also a Member of Parliament (MP) for Tamale South Constituency in the Northern Region said the decision to amend the regulation that allows goods and services to be cleared from the port between the hours of three to six in the evening is to create an enabling environment for investors and reduce the cost of doing business in the country.
He said Ghana was working closely to achieve this feat to enhance its quest of attaining upper middle income status by creating the enabling environment for businesses to grow.
“President John Dramani Mahama once said it is not the Government to do business but to create the congenial environment for investment” he said
He gave the assurance that government is ready to offer tax rebate to manufacturing companies that uses local raw materials in the production of their consumer products.
Briefing the Minister , Mr Olivier Thiry, the Managing Director(MD) of Promasidor Ghana Limited said fourteen years ago, the company started with a staff strength of twenty-three and now has over six hundred employees with the company’s brand portfolio growing from six to eight.
He explained that the company has contributed to supporting the community by providing social amenities in areas of education and health.
He noted that over the last three years, the company has invested heavily in infrastructural development to meet its growth aspirations adding that all these development were executed by local construction firms.
“Over the last three years a whopping twelve million United States Dollars has been sunk in infrastructural developments of the company” he said.
He pledged his company’s commitment to further business development in the country to continue to provide quality affordable nutrition to Ghanaians and offer employment.
He was grateful to the Government for providing an enabling environment for the development of the company.
He noted that since the commencement of these projects, a new dairy factory, expanded culinary factory and additional offices have realized.