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.