Politics

Ghana Cannot Produce Even 5% of The Goods We Import – GUTA President

1 Mins read

The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has said as importers they cannot rely on local manufacturers because they can’t provide them with even five percent of the items they import from foreign countries.

He lamented that they feel bad as importers with the impression being created that they are preventing the country from growing, but rather they are actually safeguarding the country’s economy.

“ . . We can’t get even 5% of our import requirements in Ghana. We buy from Ghanaian manufacturers and sell since they don’t sell goods produced by them [Manufacturers] because they have no stores like we do and as well import what we don’t have in Ghana from foreign countries,” he explained.

Speaking on UTV’s late news discussion programme, Dr. Joseph Obeng confirmed that the outbreak of the COVID-19 has exposed the strength of Ghana’s industry, since most products used in the country are imported.

“Items such as; ceiling fans, light bulbs, air condition, e.t.c are all not produced in Ghana but we try our best to bring them into the country to satisfy the need of our citizens. I bet you Ghana will struggle for goods to survive if this pandemic is not contained by May or June,” he said.

“Government should wave tax exemptions for businessmen and also mandate bankers to be considerate in their dealings with importers or businessmen who transact business with them, since they need us just like we need them,” he added.

Dr. Joseph Obeng advised that for Ghana to grow economically as a nation we must make our country the hub of raw materials for foreign companies who import ninety percent of our raw materials into their countries for manufacturing purposes.

See also  These solar-powered barges can scoop up 50 tons of plastic from rivers each day

Watch The Video Below:

Related posts
Matters ArisingPolitics

Leadership Talks: Akufo-Addo Holds Meeting with NPP MPs to Discuss Possible Changes

1 Mins read
Leadership Talks: Akufo-Addo Holds Meeting with NPP MPs to Discuss Possible Changes President Akufo-Addo has held a meeting with the NPP Members…
Matters ArisingPolitics

Government Shake-Up: Ken Ofori-Atta Removed as Akufo-Addo Reshuffles Cabinet

2 Mins read
Government Shake-Up: Ken Ofori-Atta Removed as Akufo-Addo Reshuffles Cabinet Finance Minister Ken Ofori-Atta has finally been relieved of his duties. Also out…
HeadlinePolitics

Akufo-Addo's Reshuffle Revelation: Unveiling the New Entrants and Departures

2 Mins read
Akufo-Addo’s Reshuffle Revelation: Unveiling the New Entrants and Departures President Akufo-Addo is poised to announce his inaugural significant ministerial reshuffle today, Wednesday,…

Leave a Reply

Your email address will not be published. Required fields are marked *