Wpid Agi President
New Bank To Support Smes To Commence Operation Soon

agi president

Mr. James Asare-Adjei ? New AGI president

The Association of Ghana Industries (AGI) says it intends to establish a bank for Small and Medium-scale Enterprises (SMEs) in Ghana.

The new president of AGI, James Asare-Adjei, who made this known on Friday in Accra during an investiture dinner for the new leadership of the association, said there was a gap in the provision of financial resources to players in Ghana?s industrial sector.

To this end, he called on government and the Ministry of Trade & Industry to support the AGI to establish the first-ever SME bank for the nation.

Explaining further, Mr. Asare-Adjei noted that members of the association would endeavour to incessantly engage government to ensure the establishment of the bank.

However, he could not tell when the bank would actually start operations.

Mr Asare-Adjei commended government for passing the local content law and called on foreign establishments operating in the country to ensure that they play their role effectively.

The AGI boss also pleaded with government to ensure the total protection of indigenous industries.

?Our economy has become over liberalized. AGI therefore urges government to reassess the trade liberalization policy that has led to the influx of all sorts of foreign raw materials and products into the country.?
Chief Executive Officer (CEO) of AGI, Seth Twum-Akwaboah, also in a speech, said the feat attained by the association was due to the quality of its leaders.

He commended the immediate past president of the Association, Nana Owusu-Afari for successfully steering the affairs of the association during his four-year term of office.

By Melvin Tarlue

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