Audio By Carbonatix
The Tariff Advisory Board has dismissed suggestions of not taking proactive steps to protect the local manufacturing sector against unfair Chinese competition.
South Africa last week imposed import tariffs on screws and other metal products from China to protect its local industry.
This elicited suggestions for Ghana to follow suit with the Managing Director of ALUOWRKS, Kwasi Okoh indicating the Board has been rather slow to act. But the Acting Executive Secretary to the Board, Appiah-Donyina disagrees.
“The values that are quoted by Ghanaian importers are ridiculously low. At the world market price the unprocessed aluminum at sells at about two thousand one dollars per tonne. But some people manage to import similar processed aluminum at a cost below the two thousand dollars.
"We have already taken a decision and the Customs Division of the Ghana Revenue Authority has brought the value of aluminum to the level of the international market. So nobody can now import any aluminum products below the world market price” he noted.
"The invasion of the local market by cheap Chinese imports has been predicted to worsen due to the economic challenges in the Western economies" he added.
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
-
President Mahama to address nation in New Year message
20 minutes -
Industrial and Commercial Workers’ Union call for strong work ethics, economic participation in 2026 new year message
2 hours -
Crossover Joy: Churches in Ghana welcome 2026 with fire and faith
2 hours -
Traffic chaos on Accra–Kumasi Highway leaves hundreds stranded as diversions gridlock
2 hours -
Luv FM Family Party in the Park: Hundreds of families flock to Luv FM family party as more join the queue in excitement
3 hours -
Failure to resolve galamsey menace could send gov’t to opposition – Dr Asah-Asante warns
3 hours -
Leadership Lunch & Learn December edition empowers women leaders with practical insights
3 hours -
12 of the best TV shows to watch this January
3 hours -
All-inclusive Luv FM Family Party underway with colour, music, and laughter as families troop in to Rattray Park
4 hours -
Jospong Group CEO, wife support over 5,000 Ghanaians with food, cash on New Year’s Day
5 hours -
Life begins at 40: A reflection on experience and leadership
5 hours -
Maresca leaves Chelsea after turbulent end to 2025
6 hours -
NPP still hurting after 2024 loss – Justin Kodua
6 hours -
Ghana declares war on illegal streaming of pay-TV content
6 hours -
Vice President leads 44th anniversary commemoration of 31st December Revolution
6 hours
