• Short Summary

    The Acting Principal Secretary, Ministry of Trade, Mr. S.K. Aryes, has appealed to local manufacturers?

  • Description

    The Acting Principal Secretary, Ministry of Trade, Mr. S.K. Aryes, has appealed to local manufacturers to aim not merely at satisfying the local demand for their goods, but also at exporting some of their products. He advised then to re-examine their entire costs of production and their production methods with a view to eliminating waste and inefficient methods of production. Mr. Aryee was addressing the Fifth Annual General Meeting of the Ghana National Chamber of Commerce in Accra today. He said very often there has been talk about removing import restrictions without of the country's export trade which alone, excepting loans and perhaps free gifts from foreign governments, should measure the extent to which such restrictions can be removed. He said though the Government is setting up an Export Promotion Council, this in itself, should not be regarded as resolving automatically the country's export problems.

    The goods to be exported must be there, and they must be of a quality and of a standard that would make then marketable abread, in competition with similar products from other sources. The ceremony was held at the Ambassador Hotel. On import controls, Mr. Aryee noted that these measures, both quantitative and fiscal, taken by the Government, have been the main source of the problems that the Chamber has had to encounter over the past year. He assured members that early steps will be taken to ease the controls when the country's balance of payments position improves sufficiently. He observed that there is some amount of dissatisfaction with the time-table for the issue of import licences.

    He attributed delays in the issue of import permits to certain inherent admistrative difficulties which, he said, the Ministry is determined to overcome in good time so as to ensure that at least by the 31st of December of every year, all licences for the ensuing year would have been issued. He promised members that the Ministry of Trade will give due attention to the problems and difficulties facing the Chamber.

    In his annual report, the Acting President of the Chamber, Mr. P. Obeng Benne, said the dominating feature of the past year has been a never-coasting struggle against adverse economic conditions. He said to spite of many obstacles and difficulties, the Ghana National Chamber of Commerce has made considerable progress. He said the Chamber feels that the time has come for the Government to the concretes and effective administrative measures to ensure that retail trade in the country is restricted to Ghanians. In a vote of thanks, the Vice-President of the Chamber, Mr. A.W.R. Wood, said it is essential to have a system in the country whereby competition and efficiency are rewarded. He said it is only in this way that the law of supply and demand can operate and the prices of consumer goods fall.

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    Reuters - Source to be Verified
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