In helping Government realise its industrialization agenda of consuming made in Ghana goods, Steel and iron manufacturer, B5 Plus Limited a company established under the One District, One Factory, has called on government to clamp down on cheap imports of steel into the country.
According to the steel Company this activity makes them lose huge sums of revenue every year and also reduce the production of some of their products. Within two decades of existence in Ghana, B5 Plus has become a household brand and an exporter of steel to countries within the West African sub-region.
Addressing the media after an industrial tour of its factory at Ningo Prampram organised by Ghana International Trade and Finance Conference, GITFIC in collaboration with the Association of Ghana Industries, AGI, Chief Executive of the company, Mukesh Thakwani said if such imports are not curtailed, goods made in Ghana will suffer.
He said already the company has issues with intermittent power supply, water and land disputes which they are devising other means to address.
As part of GITFIC’s plan of enhancing strategic relationship with the Private Sector and Fostering Economic Growth and also harnessing the full benefits of AFCFTA, Chief Executive of GITFIC Selassie Ackon said the tour to B5 Plus Limited is to highlight activities of industries that are contributing to Ghana’s economic growth.
The Greater Accra regional Chairman of AGI, Tsonam Cleanse Akpeloo said partnership with GITFIC is to educate SMEs and other industries on the AfCFTA.
He said for some time now AGI has been partnering GITFIC essentially to embark on a tour to promote the Continental Free Trade Agreement. He said most of their members are SMEs and most of them are not familiar with the contents of the Continental Free Trade Agreement.
He said their aim is to travel around the country to make sure that most of their members will have the needed information to export to other countries.
Story By: Mabel Adorkor Annang