Audio By Carbonatix
Major cereal importer, Finatrade wants government to give priority to the development of other cash crops beyond cocoa in its quest to make local farmers competitive.
Its Public Affairs Manager John Awuni says the current strategy where import tariffs are increased to protect local industry is outmoded and ineffective.
According to him the current prevailing tariffs make Ghana uncompetitive when compared to its immediate neighbors, adding that plans in the budget to further increase them would worsen the situation.
Mr. Awuni told Joy Business, increasing import tariffs on chicken and rice which are staples will adversely affect consumers.
He said many countries had recognized that using tariffs as a weapon to discourage imports was an ineffective.
He believes the country is better off focusing on its relative strength by paying attention cash crops which Ghana has the climate and land to cultivate.
Source: Joy Business/Ghana
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
-
Samson’s Take: When religion threatens peace, sanity must prevail
31 minutes -
Friendship: Why time matters less than continuity
39 minutes -
Africa’s AI moment: They say data is the new gold. But who is drilling it?
41 minutes -
Ghana delivers strong performance in retail market in half-year; value up 15.6% – Maverick Research
46 minutes -
The world’s oldest president left for a ‘brief stay’ in Europe. He hasn’t returned in two months
1 hour -
Parliamentary committee commends GIPA’s investment drive, backs key reforms
1 hour -
Livestream: Newsfile discusses AKSA energy deal, legal vacation and GoldBod losses
1 hour -
Jason Arday: 10 things you may not know about British-born Ghanaian former Cambridge professor found dead at 41
4 hours -
KNUST partners with government to manufacture locally-made agricultural machines and smart traffic lights
4 hours -
Government to add constitutional referendum to 2027 District Assembly elections
5 hours -
Ambassador Nancy Sam meets South Africa’s Thanda to strengthen Africa tourism collaboration
5 hours -
Government disburses GH¢23.1 billion to clear road contractors’ arrears – Roads Minister
5 hours -
NPP Ashanti elections: 1,020 delegates to choose 11 regional executives
6 hours -
Galamsey: ‘Challenge is prosecution, not arrest’ — Lands Minister
7 hours -
Elliot Kabutey Tei outlines strategic blueprint to drive NPP victory in Tema East
8 hours