• Latest
  • Trending
High cost of production killing manufacturing industry - GUTA

High cost of production killing manufacturing industry – GUTA

May 3, 2021
Energy Sector Levy Not Sustainable under our current economic conditions – Dr. Adu Owusu Sarkodie Warns

Energy Sector Levy Not Sustainable under our current economic conditions – Dr. Adu Owusu Sarkodie warns

June 30, 2025
National Day of Prayer and Thanksgiving: We are ready- Afriyie Ankrah

National Day of Prayer and Thanksgiving: We are ready- Afriyie Ankrah

June 30, 2025
UTAG Urges GTEC to Crack Down on Fake Degree Holders

UTAG Urges GTEC to Crack Down on Fake Degree Holders

June 30, 2025
Unfolding Cultural Heritage: Preserving What Cannot Be Stored

Unfolding Cultural Heritage: Preserving What Cannot Be Stored

June 30, 2025
Real Quantum Dot Technology in Samsung QLED TVs: Delivering Exceptional Picture Quality

Real Quantum Dot Technology in Samsung QLED TVs: Delivering Exceptional Picture Quality

June 30, 2025
From Commitment to Impact: Go Circular Project Wraps Up with Proven Solutions and a Call to Scale Up Plastic Reduction in Ghana

From Commitment to Impact: Go Circular Project Wraps Up with Proven Solutions and a Call to Scale Up Plastic Reduction in Ghana

June 30, 2025
Ningo-Prampram Health Director endorses Lions Club Eye Clinic Project as a lifesaving initiative for underserved communities

Ningo-Prampram Health Director endorses Lions Club Eye Clinic Project as a lifesaving initiative for underserved communities

June 30, 2025
Telecel Ghana Boosts Data Bundle Value

Telecel Ghana Boosts Data Bundle Value

June 30, 2025
Telecel Ghana Deepens Ties with Enterprise Clients in Ashanti Region

Telecel Ghana deepens ties with Enterprise Clients in Ashanti Region

June 30, 2025
Nkwanta Chief calls for urgent justice after tragic deaths of SHS students

Nkwanta Chief calls for urgent justice after tragic deaths of SHS students

June 30, 2025
24-Hour Economy set to launch in July 2

24-Hour Economy set to launch in July 2

June 30, 2025
Ashanti Small-Scale Miners protest intimidation, extortion from galamsey task force

Ashanti Small-Scale Miners protest intimidation, extortion from galamsey task force

June 30, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

High cost of production killing manufacturing industry – GUTA

in Sports
High cost of production killing manufacturing industry - GUTA

High cost of production killing manufacturing industry - GUTA

Share on FacebookShare on TwitterShare on Whatsapp

The Public Relations Officer (PRO) of the Ghana Union of Traders’ Association (GUTA), Joseph Paddy has shared that it is quite expensive to run a manufacturing business in Ghana.

According to him, this high cost of doing business makes it unattractive for Ghanaians to operate manufacturing industries and create jobs, but would rather import same goods at lower costs.

High cost of production killing manufacturing industry - GUTA
High cost of production killing manufacturing industry – GUTA

Sharing such a case on the May Day edition of the Happy Morning Show with Samuel Eshun aired on e.TV Ghana and Happy FM, he said, “The cost of doing business is not attractive here in Ghana and that is why people rather import these products and goods. I had a friend who was in the manufacturing business and had employed over 80 people but had to shutdown his operations in less than a year because he wasn’t even breaking even.

His utility charges were so much and although his products were of good quality, he couldn’t compete with imported ones”.

Comparing imports to local production, Joseph noted that one can travel for long hours to other countries to import these products, pay duties and still make profit.

“This friend of mine stopped manufacturing and started importing what he was producing initially and made at least 30 percent profit. He sold at a cheaper price than when he was into production”, the GUTA PRO disclosed.

Ghana’s manufacturing drive has seen a steady rise over the past few years with the President’s introduction of the One District One Factory (1D1F) policy.

With the government providing incentives to manufacturing companies, many local and international businesses have joined in Ghana’s industrialisation and job creation drive.

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Doctor explains why they are more effective at private hospitals

Next Post

CAF approves Cape Coast Stadium for 2022 World Cup qualifiers

Next Post
CAF approves Cape Coast Stadium for 2022 World Cup qualifiers

CAF approves Cape Coast Stadium for 2022 World Cup qualifiers

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Energy Sector Levy Not Sustainable under our current economic conditions – Dr. Adu Owusu Sarkodie warns
  • National Day of Prayer and Thanksgiving: We are ready- Afriyie Ankrah
  • UTAG Urges GTEC to Crack Down on Fake Degree Holders
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.