Do Ghanaians Prefer Imported Textiles to Locally Manufactured Ones?
Modern Economy 2011, Feb, 2, 1
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Publisher Description
1. Introduction Ghana's current trade policy, which aims at promoting accelerated economic development and reducing poverty, supports two parallel strategies, namely, export-led industrialization and domestic market-led industrialization based on import competition. The success of both strategies depends on the competitiveness of local producers in both the domestic and international markets. For some years now, import competing industries have been facing a number of challenges which are alleged to have inhibited their growth [1]. The key factors usually noted as being responsible for aggravating the situation have included the inflow of un-customed goods through unfair trading practices, infringement on intellectual property rights and the importation of imitation products that may usually carry lower prices to mention but a few. Local manufacturers of textiles in particular, are those significantly affected by these developments.