Maagrace Accredited as Ghana’s First Inclusive Green Business Company at the 13th AGI Ghana Industry and Quality Awards

Maagrace wins

Celebrating Excellence at the 13th AGI Ghana Industry and Quality Awards

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Maagrace wins big at the 13th Ghana Industry and Quality Awards, hosted by the Association of Ghana Industries (AGI), took place to honor exceptional contributions to Ghana’s industrial sector. This prestigious event celebrated companies and individuals demonstrating innovation, resilience, and outstanding quality standards despite economic challenges.

Highlights of the Event

The awards ceremony, themed “Navigating the Uncertainties of Our Business Landscape to Sustain Productivity,” underscored the importance of resilience and innovation in fostering industrial growth. Dr. Nora Bannerman-Abbott, Chairperson of the AGI Awards Planning Committee, emphasized the need for businesses to adopt digital tools and innovative practices to drive sustainability.

The event received support from key institutions, including the Ghana Standards Authority (GSA), the Ministry of Trade and Industry, and major sponsors, further reinforcing the commitment to raising industry standards. The awards were segmented into categories such as Major Awards, Sector Awards, Regional Awards, and special Honorary Awards.

Notable Winners

Several outstanding companies and individuals were recognized for their achievements:

  1. Major Industry Award: This was awarded to companies that excelled in their respective fields, showcasing strong performance, sustainability practices, and adherence to high-quality standards.
  2. Innovation Award: Recognized enterprises that integrated cutting-edge technologies, artificial intelligence, and sustainability into their business operations.
  3. Sector-Specific Awards: These awards highlighted achievements in manufacturing, agribusiness, energy, and other key sectors.
  4. Regional Awards: Celebrated businesses making significant impacts in their local regions, contributing to both community and national growth.
  5. Lifetime Achievement: An honorary award was given to a seasoned industrialist for their outstanding contributions to Ghana’s industrial landscape.

Maagrace Accredited as Ghana’s First Inclusive Green Business Company

On November 20, 2024, Maagrace Garments Industries achieved a monumental milestone as it was officially accredited as Ghana’s first Inclusive Green Business Company. The recognition was conferred by the Association of Ghana Industries (AGI) and Inclusive Business Ghana during a ceremony designed to honor businesses demonstrating a profound commitment to sustainable development, green practices, and social inclusivity.

The Accreditation Process

The rigorous evaluation process leading to Maagrace’s recognition was spearheaded by notable experts, including Dr. Armin Baur from CDC Consult and representatives from the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). Their review highlighted Maagrace’s exemplary dedication to adopting environmentally sustainable practices while maintaining a strong focus on social impact.

Key findings from the review included:

  1. Workforce Impact: Maagrace employs over 500 workers, with a focus on creating inclusive employment opportunities that uplift marginalized communities.
  2. Support for Local SMEs: The company collaborates with four small and medium enterprises (SMEs), contributing to economic development within its operational ecosystem.
  3. Sustainable Operations: With a solar-powered factory, Maagrace has significantly reduced its carbon footprint, setting an example for other companies aiming to integrate green energy into their operations.

Acknowledgements

During the event, Maagrace expressed gratitude to AGI, Inclusive Business Ghana, GIZ, and CDC Consult for their support and the recognition bestowed. The company reaffirmed its commitment to creating lasting impacts through sustainable business practices and innovation.

Award Winners

In addition to Maagrace’s accreditation, several other businesses and individuals were celebrated for their contributions to green and inclusive business practices. While specific names of other awardees were not mentioned in the initial announcement, categories likely recognized companies excelling in:

  • Renewable energy integration.
  • Waste reduction and recycling innovations.
  • Social inclusivity in employment.
  • Economic empowerment for marginalized groups.

These awards reflect a growing commitment in Ghana to align business practices with global sustainability goals, ensuring that economic growth does not come at the expense of environmental or social well-being.

Maagrace’s Vision for the Future

Maagrace emphasized its commitment to:

  • Expanding employment opportunities with an emphasis on diversity and inclusivity.
  • Innovating in sustainable garment production, ensuring minimal environmental impact.
  • Collaborating with more local SMEs to strengthen Ghana’s green business landscape.
  • Advocating for policies that support green and inclusive business models across Africa.

Significance of the Accreditation

This recognition positions Maagrace as a trailblazer in the green business sector and a model for other companies in Ghana and beyond. By integrating sustainability and social impact into its core operations, Maagrace exemplifies how businesses can thrive while addressing critical environmental and social challenges.

The accreditation of Maagrace as Ghana’s first Inclusive Green Business Company is a significant step toward fostering a sustainable and inclusive economic environment in the country. With such initiatives gaining momentum, Ghana is poised to emerge as a leader in green business innovation in Africa.

Insights from Key Speakers

Deputy Minister for Trade and Industry, Hon. Michael Baafi, lauded the efforts of Ghanaian businesses in overcoming challenges and called for more government support to enhance industrial growth. He emphasized the role of quality and competitive standards in achieving international market success.

Seth Twum-Akwaboah, CEO of AGI, reiterated the importance of sustainability in businesses, urging the government to implement policies that align with industrial growth.

Conclusion

The AGI Ghana Industry and Quality Awards serve as a benchmark for excellence and a catalyst for innovation in Ghana’s industrial sector. They not only honor achievements but also inspire businesses to prioritize quality and resilience.

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