B5 Plus urges import bans on goods Ghana can produce

B5 Plus, an iron and steel manufacturer in Ghana, has urged the government to impose import bans on goods that can be produced locally. Chairman Mukesh Thakwani made the call during a press conference with the Ghana Revenue Authority (GRA), arguing that stronger support for domestic industry could generate jobs, boost exports, and reduce spending on imported goods.

Thakwani pointed out that the industry's capacity utilization was below 50%, indicating that manufacturers had the potential to increase output. He emphasized that expanding production could serve both the Ghanaian market and neighboring countries. Thakwani also raised concerns about exemptions granted to certain imported products and questioned the tax treatment of these goods, calling for stronger support for local manufacturers.

His remarks did not specify particular importers or list the products subject to the proposed restrictions. Thakwani highlighted B5 Plus's investment in prefabrication capacity and its ISO certification, as well as its commitment to quality through a Kaizen approach to continuous improvement. The policy appeal emphasized the connection between supporting local production and achieving broader national goals of industrial development, trade, and job creation.

Thakwani acknowledged the GRA's recognition of the company's tax compliance, expressing humility and commitment to further contributing to the country's development and prosperity.