Struggling Ghanaian textile industry finally finds alternative market for locals

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The Ghana textile industry in recent times has been struggling to meet the demands of the market due to the smuggling in of unregistered and cheap textiles from other countries.
The high operational cost has also led to the shutdown of some of the textile companies which has robbed many Ghanaians of their jobs.
Government as part of ways to revive the textile industry has zero-rate Value-Added Tax, VAT, on local textiles for a period of three years.

The Trade Ministry said the decision will make the local textile industry competitive and also reduce the cost of operation before the implementation of the Continental Free Trade Agreement.

According to the Dubai Chamber in Ghana, their 4 billion dollars textile market can help give life to the dying Ghanaian textile industry.
Speaking to Joy FM, Head of the Dubai Chamber in Ghana, Cyril Dakwa said the chamber is ready to facilitate the processes that will help the locals get on to the Dubai market.
“There has been a lot of talk about private products coming in which is killing the local industry and I’m expecting some of the local companies to be proactive as well to take advantage of some of this market because this market is there to be taken, we have a 4 billion dollar market and this is something that should interest local companies.”

“What we will be doing as a chamber is to facilitate this process because we have the membership base of over 200, 000 members and I believe we can do the necessary introductions and connection between local companies and Dubai based companies to ensure the free flow of trade among them,” he added.

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