Manufacturing sector heading for collapse

The planned closure of the factory of British America Tobacco (BAT) has brought to the fore the distressed situation of the manufacturing sector in the country.

High taxes and the influx of cheap imports have consistently featured at the annual general meeting of all manufacturing companies especially in the last two decades.

Private sector organizations and captains of industry have complained about the neglect of the sector and the refusal of government to implement bold policies to salvage the sector from total collapse.

"Ghana cannot allow companies to relocate because the country’s manufacturing sector is not competitive" the President of the Association of Ghana Industries (AGI) Tony Oteng-Gyasi told a local radio station -JoyFM.

Oteng-Gyasi indicates that more warns that more companies will relocate out of Ghana, if nothing is done to make manufacturing attractive in the country.