Audio By Carbonatix
Ghana’s largest local beverage manufacturer, Kasapreko, has so far lost about $2 million in revenue to the closure of the Nigerian-Benin Border, the Head of International Business Development for the company has said.
According to Francis Holly Adzah, even though the beverage firm “managed to send in three trucks of products to the Nigerian market moments before the border was closed,” four other trucks loaded with products – one at the border and the others at the premises of the manufacturing company – have been left grounded.
“In September, we lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars. The situation is getting out of hand and very serious,” Mr Holly Adzah told JoyBusiness in an exclusive interview.
Checks by JoyBusiness also show the beverage firm has exhausted all its products in the Nigerian market – a critical situation which has seen them being overtaken by competitors.
Meanwhile, Kasapreko says it is venturing into other ready markets apart from Nigeria to make up for the losses.
According to Mr Holly Adzah, the company is looking at entering Ivory Coast, Senegal, Togo, Benin and other European markets.
Ghana’s exports to Nigeria was $80.96 million in 2018, according to the United Nations COMTRADE database on international trade.
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.
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
-
Wa West Agric Director calls for stronger gov’t support after difficult farming year
17 minutes -
‘Agriculture isn’t only for village folks’ — President Mahama pushes professionals to take up farming
19 minutes -
82-year-old man emerges overall National Best farmer for 2025
35 minutes -
Calls grow for stronger oversight as free trade and lax regulation fuel fake medicines
55 minutes -
World Cup 2026: Tuchel keeps group stage opponents under wraps, shuns Ghana
1 hour -
Volta Region received a significant share of Big Push road projects – Mahama
1 hour -
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
2 hours -
FDA urges consumers to prioritise safety when purchasing products during festive season
2 hours -
President Mahama calls for single-digit interest rates on agricultural loans
3 hours -
President Mahama urges Ghanaians in formal jobs to take up farming
3 hours -
Farming interventions paying off, lifting incomes and food security, says Agric minister
3 hours -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
3 hours -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
3 hours -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
3 hours -
Photos: Ghana celebrates 41st National Farmers’ Day
3 hours
