This suggestion must be taken very seriously as Mr Abraham Koomson is speaking from experience.
This suggestion must be taken very seriously as Mr Abraham Koomson is speaking from experience.
Wahala 10 years ago
A Factory requires raw materials, then Electricity and Water to turn the raw materials into a product...
It costs more to truck a container 10 miles in Ghana than sending the container from Europe to Ghana..
So if they ... read full comment
A Factory requires raw materials, then Electricity and Water to turn the raw materials into a product...
It costs more to truck a container 10 miles in Ghana than sending the container from Europe to Ghana..
So if they do manage to build a factory for every 10 miles they get away from Tema/Accra the price of the product is going to increase.
The factory will only work half the time due to Electricity or Water shortages.
So the price will be double the cost of the same item made abroad.
A 1€ item from Europe will cost 10€ when made in Ghana.
Nii 10 years ago
To begin with we should use government's purchasing power to keep these industries going till they level up. If all state institutions especially schools are instructed to get sugar from Komenda,use only local rice,use only l ... read full comment
To begin with we should use government's purchasing power to keep these industries going till they level up. If all state institutions especially schools are instructed to get sugar from Komenda,use only local rice,use only local textile for school uniforms etc,these local industries will do well. But left on their own will be difficult in the face of cheaper imports. Whatever it is let's love our own small.
nana kwaku 10 years ago
sugar imports could collapse komenda...tegleu
sugar imports could collapse komenda...tegleu
YF 10 years ago
Factory would be a success if amongst others he following are met...
1. The product should be of the highest quality
2. Govt. should use tax incentives (in short run) to lower costs of production to ensure competitiveness ( ... read full comment
Factory would be a success if amongst others he following are met...
1. The product should be of the highest quality
2. Govt. should use tax incentives (in short run) to lower costs of production to ensure competitiveness (...do not subsidize directly)
3. Good management required for effectiveness and efficiency - including sustained output
Atim 10 years ago
No policy to protect industries in place. Just like the textile industry......cheap imports from China.
No policy to protect industries in place. Just like the textile industry......cheap imports from China.
Paa Joe 10 years ago
THROW THIS IMPORTANT QUESTION TO EKOW SPIO GARBRAH, THE MINISTER OF TRADE AND INDUSTRIES.
THROW THIS IMPORTANT QUESTION TO EKOW SPIO GARBRAH, THE MINISTER OF TRADE AND INDUSTRIES.
Ghanaian (USA) 10 years ago
This is what people who understand economics're telling the NDC GOVERNMENT to reduce high taxes on utilities and also control inflation and the ex change rates for our currency.These measures will go a long way to create enab ... read full comment
This is what people who understand economics're telling the NDC GOVERNMENT to reduce high taxes on utilities and also control inflation and the ex change rates for our currency.These measures will go a long way to create enabling industrial environment for our local industries to be able to produce at collectively cheap & sell at cheap price.That is exactly what countries like CHANA MALAYSIA and the rest did.
SWAGNI 10 years ago
NOW THE SURGAR FACTORY IS WORKING,NPP SHOULD PROOF IT.
NOW THE SURGAR FACTORY IS WORKING,NPP SHOULD PROOF IT.
This suggestion must be taken very seriously as Mr Abraham Koomson is speaking from experience.
A Factory requires raw materials, then Electricity and Water to turn the raw materials into a product...
It costs more to truck a container 10 miles in Ghana than sending the container from Europe to Ghana..
So if they ...
read full comment
To begin with we should use government's purchasing power to keep these industries going till they level up. If all state institutions especially schools are instructed to get sugar from Komenda,use only local rice,use only l ...
read full comment
sugar imports could collapse komenda...tegleu
Factory would be a success if amongst others he following are met...
1. The product should be of the highest quality
2. Govt. should use tax incentives (in short run) to lower costs of production to ensure competitiveness ( ...
read full comment
No policy to protect industries in place. Just like the textile industry......cheap imports from China.
THROW THIS IMPORTANT QUESTION TO EKOW SPIO GARBRAH, THE MINISTER OF TRADE AND INDUSTRIES.
This is what people who understand economics're telling the NDC GOVERNMENT to reduce high taxes on utilities and also control inflation and the ex change rates for our currency.These measures will go a long way to create enab ...
read full comment
NOW THE SURGAR FACTORY IS WORKING,NPP SHOULD PROOF IT.