• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Former GNCCI President calls for business friendly loan facilities to improve doing business in Ghana

5 years ago
in Business, highlights, Home, home-news, latest News
2 min read
0 0
0
Nana Dr Appiagyei Dankawoso 1 speaking on Eye on Port show - norvanreports

Nana Dr Appiagyei Dankawoso 1 speaking on Eye on Port show - norvanreports

59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

The immediate past President of the Ghana National Chamber of Commerce and Industry, (GNCCI), Nana Dr Appiagyei Dankawoso 1, has bemoaned the cost of doing business in Ghana which has made it difficult for start-up businesses to survive.

Speaking on Eye on Port on Understanding Ghana’s Industrial and Commercial Space, the immediate past president of the GNCCI said the cost of borrowing is expensive with its accompanying high interest rates, hence, making it difficult for businesses to use for meaningful investments.

“The loans here are short and short term loans cannot be used to do any meaningful business. We are advocating for long term loans,” he lamented. He said the Ghana Exim Bank has so far proffered some solutions by making available long term loan deals for businesses and the One District One Factory initiative is testament to that, where these businesses are enjoying fruitful outcomes from such loans.

“I advocate for the installation of development banking. For example, what EXIM bank has started is one way. A lot of people have got the funding to do their businesses now without much challenges,” he expressed.

He added, “Ghana Exim Bank is giving moratorium, giving long term loans. For the One District One Factory, most of the support that were given, I am privy to, because I am the Chairman of the Credit Committee.”

Nana Dr Appiagyei Dankawoso 1 who is also the Executive Chairman of Olea M & G Insurance Brokers and 1st Vice Chairman of Juaben Rural Bank Ltd, said many of such business friendly loan facilities need to be initiated.

Another challenge he noted is the that “the cost of registration of businesses in the country is too much.” The former President of the Ghana National Chamber of Commerce and Industry, however said the desired results of the 1D1F in terms of employment haven’t reach the targets expected, even though significant strides have been generally made.

RelatedPosts

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

Cedi@60: Fiscal Discipline Key to Preserving Monetary Independence – BoG Governor

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

He said, figures from the Institute of Statistical, Social and Economic Research prove that 94 per cent of the workforce are employed by the private sector, indicating the importance of the private sector for national economic development.

Nana, who is also the Chairman of the Federation of West African Chambers of Commerce and Industry and the immediate past President of the Pan African Chamber of Commerce and Industry, said with the President of Ghana and his team having worked hard to position Ghana as the gateway of Africa, during the era of a free continental market, it is incumbent upon Ghanaian businesses to position themselves to take advantage, through capacity building programs.

“It is crucial time for Ghanaians especially the youth to prepare themselves, get the right training and experience for the work that is coming,” he advised.

He said with the advent of the AfCFTA and the 1D1F, he envisages in the near future, a Ghana that is very attractive to investors across the world, where businesses when positioned properly will enjoy a major transformation.

“Ghana has become a place where a lot of investors will want to come. With the 1D1F project coming from Government for example, the US Government has also given support for 300 million lines and that anybody who want to go into the 1D1F can get machines from the US up to 85 per cent of the amount and then 15 per cent from working capital,” he revealed.

Source: Eye on Port
Via: norvanreports
Tags: Business friendly loansGhana Exim BankGNCCINana Dr Appiagyei Dankawoso 1
No Result
View All Result

Highlights

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

CHAG Takes Full Leadership of its Safecare Journey After PharmAccess Handover

Cedi@60: Finance Minister Reiterates Call for Exclusive Use of Cedi in Domestic Transactions

Cedi@60: Vice President Calls for Sustained Fiscal Discipline, Commends BoG for Restoring Confidence in the Cedi

Cedi@60: BoG Governor Hails Currency’s Resilience, Pledges Stronger Policy Transparency and Digital Innovation

GAB CEO Urge Ghanaians to Prioritise Use of Cedi 

Trending

Features

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️

October 28, 2025

Nestlé Ghana to Launch “No Refined Sugar” Variant of CERELAC®️ Nestlé Ghana will soon launch a new...

Cedi@60: Fiscal Discipline Key to Preserving Monetary Independence – BoG Governor

October 28, 2025

Cedi@60: Ghana Has Turned a Decisive Corner in Post-Crisis Recovery, Says Governor Asiama

October 28, 2025

Cedi@60: Ghana’s Foreign Reserves Hit $12bn Providing 6.5 Months of Import Cover – BoG Governor Discloses

October 28, 2025

CHAG Takes Full Leadership of its Safecare Journey After PharmAccess Handover

October 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.