Home / Knowledge / News / Textiles / Trade liberalization leads to waning of Ghanaian textiles
Trade liberalization leads to waning of Ghanaian textiles
14
Mar '13
Once a leader, the Ghanaian textile industry is waning gradually, mainly on account of trade liberalization policies and programmes, said Edwina Assan, President of Spinnet Textiles and Garment Cluster, an association of small textile and garment manufacturing businesses catering to local and export markets.
 
Due to the trade liberalization policies it has become almost next to impossible for Ghanaian textile products to survive competition from low-cost imports from other countries, she said during a press meet organized by Spinnet.
 
Expressing concern about the downfall of the Ghanaian textile industry due to inability to stand fierce competition from low-cost imports, Ms. Assan said most of the time the goods so imported, particularly those imported from Asia, lack in quality. But as they are sold in the local market for a lower price, it makes it difficult for domestic producers to sustain, she added.
 
Ms. Assan called on the Government to introduce steps to curb smuggling of pirated designs of domestic producers and their logos, which at times also carry the quality mark of Ghana Standards Board.
 
Further, highlighting want of capital and high bank interest rates as some of the key challenges impeding the growth of the domestic textile industry, she said these issues have badly hit the production capacity of their member firms, which has reduced by around 60 percent, and has also brought down the employment levels.
 
She suggested that adherence to best practices and upgrading of the product quality to match global standards could help domestic producers.
 
She said with interest rates ranging between 4-10 percent per month, it still remains too costly for micro enterprises to access funds earmarked for them, and thus requested the Ministry of Trade and Industry to back capacity enhancement efforts of small and medium textile enterprises to enable them to enhance their competitiveness.
 
Also, she urged the Government to introduce a policy, making it mandatory for all government officials, workers and Members of Parliament to put on Ghana-made textiles and garments during all major functions and also on Mondays, in addition to the already existing Friday provision.
 

Fibre2fashion News Desk - India


Must ReadView All

India's garment exports up 24.93% in September 2017

Textiles | On 16th Oct 2017

India's garment exports up 24.93% in September 2017

The exports of readymade garments from India in September 2017 was...

Low GST rate on zari will generate jobs for women: SRTEPC

Textiles | On 16th Oct 2017

Low GST rate on zari will generate jobs for women: SRTEPC

There will be a rise in the employment for women with the slash in...

Consumers may suffer if no assurance to EU workers in UK

Apparel/Garments | On 16th Oct 2017

Consumers may suffer if no assurance to EU workers in UK

Consumers may suffer if the British Government does not quickly offer ...

Interviews View All

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
76.9%
No
13.8%
Skip
9.2%

Total Votes: 65

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.5%
No
27.7%
Skip
10.8%

Total Votes: 65

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
84.6%
No
10.8%
Skip
4.6%

Total Votes: 65

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
73.8%
No
12.3%
Skip
13.8%

Total Votes: 65


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search