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
-
Ghana’s BRICS move requires clear strategy to manage risks – Godfred Bokpin
55 minutes -
Pay teachers realistic income – Duncan Amoah to gov’t
1 hour -
Bechem to become chicken capital of Ghana – Mahama projects
1 hour -
Gov’t targets recruitment of 16,500 health professionals in 2026
2 hours -
Two-week strike will not derail academic calendar – GNAT President
2 hours -
Headmaster detained after BBC investigation into alleged sexual abuse of students
2 hours -
GNAT pushes for clear implementation procedures of teachers’ conditions of service
2 hours -
Recurrent strikes threaten quality of education and academic calendars – Prof Bokpin
2 hours -
‘Cockroach’ group leaders among hundreds detained in Delhi protest
2 hours -
Don’t let speed of information become your judgement – CJ tells new lawyers
3 hours -
World Cup visa scandal: People have leveraged public office to facilitate fraud – Senyo Hosi
3 hours -
Glut! Farmers count losses as prices crash, customers happy
4 hours -
GSA postpones auction of unserviceable vehicles
4 hours -
Man charged with attempted murder after stabbing
4 hours -
World Cup visa scandal: Senyo Hosi says issue goes beyond calls for Sports Minister’s resignation
4 hours