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2018 Budget will Review Electricity Tariff to Help Boost the Industrial Sector - President Akufo Addo

The 2018 budget to be presented before Parliament on the 15th of November 2017 by the Finance Minister, Ken Ofori Atta will announce significant electricity tariff review and reduction to help boost the industrial sector, President Akufo Addo has assured industry players. 

Delivering the Special Guest of Honour's Speech at the 6th Association of Ghana Industries (AGI) Ghana Industry and Quality Awards, an event organized by the Association in collaboration with the Ministry of Trade and Industry and Ghana Standards Authority at the Banquet Hall of the State House, President Akufo Addo said the effects of the rapidly emerging foreign markets on the Ghanaian economy require that government introduces policies that would offer all the help Ghanaian industries need to stay competitive. 

New Growth Poles

The President hinted that as part of efforts to develop new growth poles in the economy, an Integrated Bauxite and Aluminum Development Authority will be considered by Parliament during its current sitting to pave way for the exploitation of the entire value chain of the considerable Bauxite deposits of the Country. In addition, an Iron and Steel Development Authority will also be created to do same for the iron ore deposits of the country.

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