Audio By Carbonatix
A Senior Lecturer at the Economic Department of the University of Ghana (UG) says the business environment in the country is difficult for industries to operate.
According to Dr Priscilla Twumasi Baffour, the nature of the business environment also makes it difficult for businesses to thrive.
"If you look at GTP, they have the reputation of producing quality products but the moment they invent innovations and put their products out there, you have traders who are taking their samples abroad to bring in similar similar patterns at cheap rates.
"….And the bottom line is the business environment and it must be said that the environment within which these firms operate is very difficult,” she said.
This, in an interview on JoyNews’ Newsfile on Saturday, she noted contributes to the high cost of products, even though imports come at a cheaper rate.
“If we are very serious about employment creation, the very known hanging fruit is agro-processing. What are we doing? Light manufacturing like textiles-look at the poultry sector, the reputation is there.
"On average, every Ghanaian want a locally produced chicken because they know that they are of good quality.. the demand exists but people cannot afford it because the farmers are also producing at a very high cost,” she said.
Her comments come after some business operators in the country listed a number of changes they are faced with.
She also lamented the low productivity in the industrialisation drive.
According to her, Ghana has not been intentional about the sector.
He also noted that the sources of growth recorded in the country are not also monitored.
She added although the country invests in capital expenditure, “we have not been intentional in linking productive activities to some of this infrastructure development.”
Latest Stories
-
Eric Adjei distributes free fertiliser to farmers in Jaman North
4 minutes -
Akufo-Addo urges NPP factions to unite behind Bawumia for 2028 victory
15 minutes -
NDC mourns Western Regional Elections Director Papa Assan
22 minutes -
Minerals Commission warns against fake job recruitment schemes
29 minutes -
10 recruits dismissed for defying phone ban – Interior Minister
35 minutes -
IEAG commends GoldBod, BoG for improving forex stability
45 minutes -
Bawumia donates GH¢50,000 to St Jude Catholic Church at Weija
52 minutes -
Mahama calls for faster mobilisation of AU Peace Fund resources
57 minutes -
Improved roads bring new vehicle options to Tumu-Bolga, Tumu-Tamale, Tumu-Wa routes
1 hour -
Cedi records 7.9% depreciation against US dollar in first half of 2026
1 hour -
GIS launches operation on anti-human trafficking and exploitative street begging
1 hour -
Awutu-Senya District Assembly organises clean-up ahead of Awubia Festival
1 hour -
Vice President Opoku-Agyemang receives Democracy Cup
2 hours -
Aid group MSF opens new Ebola treatment centre in eastern Congo
2 hours -
Eswatini receives two more third-country deportees from US, government says
2 hours