
Audio By Carbonatix
Following unfair trade practices associated with the importation of tomato paste and concentrate into the country, the government has moved to temporarily ban the importation of the products into the country, with effect from November 1, 2007.Consequently, it has directed all importers of the products to note the grace period, saying "it is meant to provide sufficient delivery time to ensure customs clearance of all pipeline imports of tomato paste and concentrate".A notice to importers sighted by the Daily Graphic at the Ministry of Trade, Industry, Private Sector Development and President's Special Initiatives (PSIs) in Accra yesterday warned that "any importer who imports tomato paste and concentrate, contrary to the notice, commits an offence and shall have such imports confiscated to the state" .The notice comes barely a week after a news publication report on the negative effects that under-invoicing of tomato paste and concentrate into the country was having on the economy and local producers of such products.The unfair trade situation in the industry has forced the only local tomato processing company in the country, Trusty Foods Limited, an Italian investment, which buys its raw material from the resuscitated Pwalugu Tomato Factory, now Northern Star Factory, to threaten a drastic cut down on its demand from the factory.'It is anticipated that should the threat be carried out, the numerous farmers in the northern part of the country who depend on the factory as their largest market will lose out, while the huge investment by the government to revive the factory will also go to ,waste."Importers are advised to comply strictly with the notice," the Trade Ministry's notice warned, adding that "this directive is intended to curtail unfair trade practices associated with the importation of tomato paste and concentrate".Sources at the ministry said that apart from the problem of under-invoicing associated with the importation of tomato paste and concentrate, there were fears that starch dominated what had been canned as tomato paste.Source: Daily Graphic
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Mahama endorses ADB at Kwahu Business Summit
15 minutes -
Every gram will be tracked – Gold Board unveils traceability push to deal with illegally-mined gold
21 minutes -
Analysis: Why the Bank of Ghana sold half its gold reserves
29 minutes -
Buy wrong gold, face prosecution – Gold Board CEO cracks down on rogue dealers
31 minutes -
Africa pushes integrated health agenda ahead of One Health Summit in Lyon
1 hour -
We own the strategy, its not head office decision – GCB MD positions bank as engine of Ghana’s economy
1 hour -
No more waiting for head office – GCB boss pushes Ghana-first banking
2 hours -
Mahama lauds Julius Debrah for shaping Kwahu Business Forum
2 hours -
Why actors beg in difficulty – Patience Ozokwor on Nollywood financial struggles
2 hours -
Any man who apologises to woman deserves to suffer – Brymo
2 hours -
Nigerian artistes no longer put effort into making music – Omah Lay claims
2 hours -
‘I’m now skeptical about going into politics’ – Davido
3 hours -
Nigeria’s Seplat Energy resumes operations as oil workers halt strike action
3 hours -
Nigeria launches manhunt after abductions by bandits in northwest Zamfara
3 hours -
Kenya fuel executives resign as state probes supply chain irregularities
3 hours