BUSAC FUND MANAGER RECEIVES CITATION AT 8TH AGI GHANA INDUSTRY AND QUALITY AWARDS ‘19

Nicolas Gebara, the Business Sector Advocacy Challenge (BUSAC) Fund Manager received a citation from the Association of Ghana Industries (AGI) on Saturday, Nov. 30, at the 8th AGI Ghana Industry & Quality Awards 2019. 

The AGI noted that under the stewardship of Mr. Gebara, the BUSAC Fund’s contribution to the private sector has been impressive. Today, the AGI has a stronger capacity for research and information, and makes meaningful input to Government’s policy decision –making process.

In his solidarity message, Mr. Gebara detailed the Fund’s support to AGI that aimed at creating an enabling business environment for the private sector to thrive. He recounted that under BUSAC II in 2016, the Fund supported the AGI to undertake an advocacy to dialogue with relevant government stakeholders to reduce the cost of doing business in the country. This dialogue led to the reduction in taxes thereby enhancing the private sector’s competitiveness. 

The AGI undertook yet another advocacy with support from the BUSAC Fund to negotiate with government to suspend the implementation of the tax stamp and redirect the focus of the tax stamp to beverage imports. This yielded desired results and gave local beverage manufacturers some relief. 

Mr. Gebara also stated that to ensure the sustainability of advocacy actions embarked upon by the AGI, the BUSAC Fund is once again supporting the AGI to set up a Public Private Dialogue (PPD) platform that impact on policy reforms.  The PPD aims at creating sustainable businesses and attracting investments, thereby making the private sector competitive. 

The Association also seeing the need for the local industry to position itself favorably to benefit from the African Continental Free Trade Agreement (AfCFTA) organized a stakeholder meeting in collaboration with the BUSAC Fund. The aim of the meeting was to seek inputs from industry players on what government could do to ensure local industries benefit from the trade agreement. AGI presented recommendations to Ministry of Trade and Industry for consideration during the negotiations on AfCFTA.

The Fund Manager commended AGI for working tirelessly to bring to government’s attention the issues that hinder private sector growth and applauded the strides AGI has made so far. 

The AGI Ghana industry and Quality Awards was instituted to recognize and reward companies that have achieved outstanding success. 

The colorful event was held at the Accra International Conference Centre with the special guest of honor Osagyefuo Amoatia Ofori Panin in attendance.