The Government of Ghana is pulling out all the stops to revitalize local production by proposing a new Constitutional Instrument (C.I) aimed at restricting the importation of certain strategic products. These planned restrictions, expected to be presented to Parliament on Tuesday, November 21, 2023, are part of a broader effort to bolster domestic manufacturing and curb the high reliance on imports.
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The Key Details
The proposed C. I will encompass a range of essential items, including rice, diapers, and tripe (known locally as 'yemuadie'). In total, the government aims to clamp down on the importation of approximately 22 items into Ghana. During a recent address to journalists in parliament, Minister of Trade and Industry, Kobina Tahir Hammond, provided illuminating insights into the driving force behind these proposed measures.
Addressing Import Costs
Minister Hammond emphasized the significant financial burden associated with the importation of certain goods. For instance, he highlighted that an astonishing $164 million had been allocated towards the importation of 'yemuadie' and related items. By curbing these imports, the government seeks to minimize the outflow of funds while simultaneously fostering local production.
Promoting Self-Sufficiency
The Minister also stressed that the import restrictions are not intended to create scarcity but rather to reinvigorate a spirit of self-sufficiency. He referenced the country's historical "Operation Feed Yourself" initiative, a call for collective efforts to bolster local food production. With this historical precedent in mind, the government is determined to recalibrate its approach, ensuring that efforts to boost local production do not compromise access to essential goods.
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Rationalizing Standards and Pricing
In addition to import restrictions, Minister Hammond highlighted the forthcoming introduction of the Ghana Standards Authority Regulations 2023. These regulations are poised to streamline processes within the cement manufacturing sector, paving the way for more competitive pricing within the country.
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SOURCE:
-GHANA WEB- "Government To Restrict The Importation Of Rice, 'Yemuadie' And Other Products"
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