Audio By Carbonatix
The Ghana International Trade Commission has ruled in favour of Aluworks, against the dumping of aluminum coils from China.
Aluworks had petitioned the GITC over the unfair trade practices
In presenting the ruling, Vice- Chairman of the commission, Prof. Paul Kuruk said the products imported from China have been causing material injury to the Ghanaian industry. This he said precipitated the ruling.
“After considering the facts available, the commission made a preliminary report, responses to the questionnaires, a hearing conducted on January 9, 2020 and other information, the Commission made a final determination that the subject product originating in or imported from China was being dumped onto the Ghanaian domestic market, causing material injury and a threat of material injury to the Ghanaian industry”..
He further noted that “the Commission decided that the following definitive anti-dumping duties be imposed on aluminum coils and ‘circles’ originating in or imported from China.”
Executive Secretary of the Commission, Frank Agyekum told Joy Business that the ruling seeks to provide a level playing field for investors who seek to enter the Ghanaian industrial sector.
According to him, “this means that, those products that are coming in are going to be charged to be in conformity with the world standard. So, as you pay, you know you’re paying the rightful price. When that happens, then it means that Aluworks is then able to produce for the local people. We’re not saying don’t produce or don’t import into Ghana.”
Mr. Agyekum however emphasised that, “you can import into Ghana but don’t import at a cheaper rate to make our industries collapse.
“So when they come onto the market, it’s for the ordinary Ghanaian who is going to the market to then decide which to buy. The good thing is that, it enables the local industry to thrive because we’re able to compete on our own.”
Latest Stories
-
‘Ketamine Queen’ spiralled before Matthew Perry death, friends tell BBC
10 minutes -
Unity is key to NPP’s future progress – Kufour advises
11 minutes -
The future is bright for African Rugby League referees – James Jones
15 minutes -
Embrace ESG Materiality Assessment to unlock potential funding – Deloitte Assurance Partner to firms
17 minutes -
I was not consulted on National Cathedral Project – Kufuor reveals
30 minutes -
Ofankor–Nsawam Road: Roads Ministry announces new diversion for asphalt works
51 minutes -
ECOWAS deploys standby force to Benin amid military takeover
1 hour -
Livestream: The Probe discusses scholarship debt crises
1 hour -
2025/26 GPL: Hearts suffer comprehensive 2-0 loss to Karela United
2 hours -
Kennedy Agyapong begins Central Regional campaign tour with major healthcare donations
2 hours -
Digital-savvy youth in Northern Ghana use internet to digitise local languages for generations
2 hours -
GES directs Dzodze-Penyi SHS Headmaster to step aside over alleged sexual misconduct
3 hours -
My vision is to build an agile central bank ready for emerging risks; tackling dollarisation is also a major priority – Asiama
3 hours -
Ukrainian city hit by ‘massive’ strike as peace talks in US conclude
3 hours -
Staff and tourists among 25 killed in Goa nightclub fire
3 hours
