Audio By Carbonatix
Local foam manufacturers say the duty-free incentives offered foreign companies importing mattresses and other foam products are threatening to collapse the local industry.
Ashfoam officials says the practice puts the local manufacturers at a disadvantage as it makes imported products cheaper.
This the officials stress is not good for government’s plan to stimulate local industry.
Speaking to Joy Business after the company out-doored a 20th depot in Tema, the Managing Director of Ashfoam, George Missis tells Joy Business, competition especially from Nigeria is a major threat to their business.
According to him, the ECOWAS protocol which guarantees free movement of goods across the West African border is slowly drowning their business and urged the Ministry of Trade to put in policies that will be in their favour.
Source: Joy Business/Myjoyonline.com/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
-
Is the IMF Complicit in Bank of Ghana’s Massive 2025 Losses? – IERPP
2 hours -
Scaling Together: Prudential Bank MD’s advice on fintech‑bank partnerships in Africa
2 hours -
Joe Mettle inspires hope with new song ‘This Year’
2 hours -
Antisemitism ‘allowed to come into the open’ says Bondi victim’s daughter
3 hours -
What Is Wrong with Us? Why do we Reject Colonialism yet Cling to its Titles?
3 hours -
World Bank pushes regional health strategy to close financing gaps in West and Central Africa
3 hours -
Britney Spears pleads guilty to reckless driving after arrest
3 hours -
Parentage, not paternity: Ghana’s proposed compulsory paternity testing bill sparks fears of discrimination against mothers
3 hours -
Samsung family pays off record $8bn inheritance tax bill
3 hours -
Spain seizes record amount of cocaine in Atlantic Ocean, authorities say
4 hours -
Two killed and many injured after car driven into crowd in German city of Leipzig
4 hours -
KiDi drops ‘Signature’ with Lasmid ahead of album release
4 hours -
UAE accuses Iran of renewed drone and missile attacks
4 hours -
Giuliani recovering from pneumonia and ‘now breathing on his own’
4 hours -
Blake Lively and Justin Baldoni settle lawsuit over It Ends With Us film
4 hours