Business News of Friday, 2 July 2021Source: www.ghanaweb.com• Ghana in 2020 imported over US$40 million worth of soaps and detergents•The establishment of a new detergent plant according to Alan Kyerematen is expected to bridge the gap between demand and supply•The manufacturing plant will provide an estimated 220 direct employmentMinister for Trade and Industry, Alan Kyerematen has disclosed that the country imported soaps and detergents worth over US$40 million in 2020 alone. He underscored that these products could have easily been produced in Ghana if adequate factories were in place to bridge the gap between demand and supply. “In the year 2020 alone, Ghana imported soaps and detergent products worth over US$40 million which could easily have been produced here in Ghana,” he disclosed. The minister added that the new detergents manufacturing plant will provide an estimated 220 direct employment as well as boost government’s efforts at import substitution, especially in sectors with local capacity for value addition. “Government recognises the relevance of attracting private sector operators to invest in the productive sectors of the economy by taking advantage of available local resource endowments," he concluded.

Source: GhanaWeb July 02, 2021 15:00 UTC