Business News of Wednesday, 27 November 2019Source: Myjoyonline.comPrices of local rice can reduce if taxes are reduced - Rice ProcessorsFile photo - Local RiceThe Manager of Global Agri-Development Company GADCO - a rice processing factory, believes local rice is quite expensive on the market due to high overhead cost including high electricity tariff and taxes. There is a growing campaign for the purchase and consumption of locally-produced rice in Ghana, especially as the festive season draws closer. However, the cost of locally-produced rice relative to imported brands has been singled out by Ghanaians as a major disincentive for its consumption. But speaking to JoyBusiness, Joel Tsatsu indicated that rice millers will soon engage the government to beat down the cost of electricity and taxes. This year, we’re inching to about 900,000 metric tons and we have given ourselves by 2022 to be able to meet the annual consumptions of 1.135 million metric tons.

Source: GhanaWeb November 27, 2019 17:26 UTC