Ghana Bans Importation of Goods From Nigeria -Economy
Ghana has placed a prohibition on the import of goods from Nigeria and
other countries. This follows Nigeria's restriction of 41 items from
access to foreign exchange.
This is as Nigeria accounts for almost 10 per cent of Ghana's foreign
trade volume. Ghana however is the 9th largest trade partner to
Nigeria.
Ghanaian traders lament that Nigerian laws are too strict towards
importation into their country.
"If we also make it difficult for them to export, then we would have
to find common ground," Kate Quartey-Papafio, CEO of Reroy Cables
argued.
The Chief Executive Officer of Ghanaian Association of Ghana
Industries stated that there should be a clear letter written to the
Nigerians complaining about this, and then also try and use some
diplomatic means to quickly resolve it,"
"If it does not work then we must also look at countervailing
measures…it could be product targeting," he said.
Vanguard
other countries. This follows Nigeria's restriction of 41 items from
access to foreign exchange.
This is as Nigeria accounts for almost 10 per cent of Ghana's foreign
trade volume. Ghana however is the 9th largest trade partner to
Nigeria.
Ghanaian traders lament that Nigerian laws are too strict towards
importation into their country.
"If we also make it difficult for them to export, then we would have
to find common ground," Kate Quartey-Papafio, CEO of Reroy Cables
argued.
The Chief Executive Officer of Ghanaian Association of Ghana
Industries stated that there should be a clear letter written to the
Nigerians complaining about this, and then also try and use some
diplomatic means to quickly resolve it,"
"If it does not work then we must also look at countervailing
measures…it could be product targeting," he said.
Vanguard
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