Business News of 2014-07-02

EFG launches 2nd edition of Ghana Made Awards 2014

Entrepreneur Foundation of Ghana (EFG), in collaboration with Ministries of Trade and Industry and Finance, has opened nomination for the 2nd edition of Ghana Made Awards 2014, scheduled for October.
The event endorsed by Ghana Standards Authority and Ghana Chamber of Commerce and Industry, is on the theme: ''Industrialisation the key Strategy to Accelerated Economic Development and Job Creation. “
Mr Sam Ato Gaisie, Founder and President of EFG, made this known at a media launch of the awards in Accra.
He asked Ghanaians to show patriotism and participate in the well-being and financial stability of the nation by making conscious effort to buy and use made in Ghana products in their homes, board meetings and official functions, in order to save indigenous and multinational industries from collapsing.
The award is geared towards exposing Ghanaian indigenous products to all citizens across the country as part of effort to create awareness, promote and build product loyalty to save the economy and create jobs.
Mr Gaisie said the phenomenon creates unusual surge in demand for foreign exchange and affects Bank of Ghana’s foreign exchange cash flow.
Specific products that are adjudged by the consuming public as embodying the highest standards of quality will receive the Best Ghana Made Product of the Year Awards.
Entries will be for Made in Ghana products from indigenous and multinational industries in Ghana.
The product categories include: Ghana Personality of the Year, Product of the year, Lifetime, Emerging, Distributor of the year, Innovative, Indigenous, Natural Mineral Water, Food & Beverages, Textile and Building and Construction.
Others are: Pharmaceuticals, Herbal, Rubber and Plastics, Toiletries and Cosmetics, Wood Furniture, Aluminum, Electrical, Tissue &Paper, Alcoholic and Non Alcoholic, Print Media, Electronic Media, Financial, Petroleum, ICT, Agro Processing and Metal and Steel products.
The assessment for Ghana Made Award will be made on the basis of seven parameters, Product Excellence and Quality, Product Content (local materials) Product Innovation Product Leadership & Benefits, Product Features & Packaging, Product Value and Sustainability and Product Certification.