Industry Info of Saturday, 15 January 2022
The directive bought right here as a shock after practically two years of stakeholder session on the matter
Mr Kenneth Koomson, FAWU Overall Secretary said, “presently, there are 4 vital oil palm plantations employees of over 24,000 employees and these jobs stand to recede if the benchmark worth coverage is no longer reversed.”
He said a majority of these employees who will lose their jobs collectively with their dependents, might nicely most seemingly additionally get solace in social vices.
Mr Koomson said this at a press convention organized by FAWU in collaboration with the Overall Agricultural Workers Union (GAWU) of the Ghana Alternate Union Congress (TUC).
He said ahead of the introduction of the benchmark coverage in 2019, the complete worth of inside the neighborhood produced 25 litres of vegetable oil stood at $24.53, whereas the complete worth of imported vegetable oil per 25 litres stood at $25.92.
“Nevertheless after the introduction of the benchmark worth coverage, the complete worth of inside the neighborhood produced 25 litres of vegetable oil dropped to $23.89 inequity of $0.64 whereas the complete worth of imported oil dropped to $22.18 a inequity of $3.74 making the imported very low-cost.”
Mr Koomson defined that the figures clearly confirmed that the importer of accomplished vegetable oil made a saving of $3.7 on each 25 litres as in opposition to $0.64 of the native producer which in absolute phrases is type of GH¢22.00, a inequity accounted for by the alternate of regime.
He indicated that this dilemma had resulted inside the inflow of low-cost imported merchandise onto the Ghanaian market making it extraordinarily refined for the native producers to promote.
“We all know that the pursuits of employers are largely incompatible with that of employees, however when it comes to the administration of a business, the main target of the employer is to, in any case, breakeven with a intention to carry capital,” he said.
He said, “now, primarily essentially the most basic alternate selections can be to shut down the expensive labour intensive operations that is what we’re terrified might nicely most seemingly additionally occur very quickly if nothing is accomplished with reference to the suspension.
He defined that extra jobs would per likelihood be misplaced if the native producer closes down than an importing enterprise.
Mr Koomson said as a change union – FAWU and GAWU regarded as a result of it as their main obligation to promote and provide safety to the social and financial curiosity and wellbeing of employees.
“We, attributable to this truth, attract to Government that in keeping with the detrimental have an effect on of benchmark coverage on jobs and survival of the business, the manager can get to as a matter of urgency, put in force the elimination of the benchmark coverage,” he said.
He said on January 13, 2022, the Ghana Income Authority issued a Communication on the suspension of the Government’s coverage directive on the elimination of the bargain of benchmark values of imports on some chosen devices.
He said the directive bought right here as a shock after practically two years of stakeholder session on the matter, which inside the raze resulted inside the reversal of the coverage as introduced by the Finance Minister inside the 2022 Budget.