Some major steel manufacturers in Tema are said to be folding up because of the unavailability of scrap metal which is their main raw material.
About a thousand five hundred workers are so far said to have been sent home following the closure of two of the firms.
The rest of the manufacturers meanwhile say they will follow suit once they ran out of their stock of scrap.
Their main complaint is that government has failed to enforce a ban on the export of scrap metal aimed at protecting the local industry.
Spokesperson of the steel manufacturers Michael Mortu alleged in an interview with Joy Business that the Tema port is the main point of exit for the scraps.
He said not even a meeting with the Vice President John Mahama over the matter has been of any assistance, adding, Tema steel will soon be closing down on Friday if the situation does not improve.
Meanwhile, the Trade Ministry says it is equally concerned about the situation and is promising to move in quickly.
Robert Tandoh the Deputy Chief in Charge of Industrial Programs said they will issue a directive to stop the export of the product out of the country.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
Ato Forson aims to be remembered for reducing prices and stabilising the economy
9 minutes -
NPP gov’t didn’t use ESLA for intended purpose, revenue mismanaged – Mahama
15 minutes -
We don’t intend to cancel Free SHS; it has come to stay – Ato Forson assures
30 minutes -
School feeding: NPP gov’t released all outstanding arrears before leaving office – Afenyo-Markin to Ato Forson
31 minutes -
Ato Forson pledges to work with new Agric Minister to implement gov’t policies
33 minutes -
Ato Forson promises to collaborate with new Agric Minister for fair cocoa prices
39 minutes -
Can Lynx Entertainment reclaim its glory?
41 minutes -
I’ll coordinate effectively with Central Bank to anchor the cedi – Finance Minister-designate
50 minutes -
Tourism Minister bid: Francis Doku vouches for Kojo Bonsu
1 hour -
OSP investigates several corruption and related cases, completes three
1 hour -
We’ve always backed road toll collection, it’ll be restored – Ato Forson
2 hours -
Oral sex identified as leading cause of throat cancer
2 hours -
We intend to establish an independent debt management office – Ato Forson
2 hours -
GJA President gives back to Alajo community
2 hours -
Photos: Ato Forson faces Appointments Committee for Finance Minister role
2 hours