Struggling Ghanaian textile industry finally finds alternative market for locals

Must Read

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.

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Sarkodie’s disrespect for Stonebwoy caused the chaos – Ayisha Modi

Stonebwoy’s biggest fan, Ayisha Modi, has gone to the defence of the dancehall artiste as she claimed Sarkodie’s disrespect...

We agree we sound like EL’ – Dope Nation

Ghanaian music duo Dope Nation have admitted sounding like their colleague artiste, EL aka Elorm Adablah, with their style of singing. Speaking in an interview...

SPOTLIGHT: Meet Coverboy Kobby, one of Ghana’s Popular Celebrity Stylist

While we may adore celebrities and public figures for their sense of great fashion style and class, we sometimes forget to think about how...

I featured on Stonebwoy’s Album because he’s special – Keri Hilson

Keri Hilson has revealed that the reason for which she agreed to feature on Anloga Junction Album by Stonebwoy. According to the American songstress, she...

I have done everything humanly possible to have a child – Selly Galley

In Ghana, childbearing expectations remain high especially for young couples immediately they tie the knot. This is because children are seen as a means...
- Advertisement -

More Articles Like This

- Advertisement -