Mon. Dec 9th, 2019

Border Closure: Producers of Alomo Bitters loses Millions of dollars

The Ghanaian Alomo Bitters Manufactured by Kasapreko Company limited through its Head of International Business Development Mr Francis Adzah told joybusiness a Ghanaian news platform how the federal government of Nigeria border closure action have halted its businesses as Nigeria is the Company’s largest market.

He went further to say that more than a total of $2m has been lost since the border closure. Remember how the president Buhari’s administration had closed the borders in August, against neighbouring African countries with the claim of checkmating the illegal activities which have to do with Smuggling of weapons, drugs and the huge lost of revenue from import and export tariffs through the activities of smuggling of food items into the country through the various borders most especially, Seme and Idiroko borders.

Kasapreko Company Limited, is the manufacturer of Alomo Bitters, a beverage widely consumed by Nigerians. The company is also Ghana’s largest local beverage manufacturer.

The beverage company according to report was able to transport three trucks before the border closure. But now, the company has exhausted its products in the Nigerian market according to Ghanain news website, JoyBusiness report.

Explaining the situation further, Mr Adzah said “We managed to send in three trucks of products to the Nigerian market moments before the border was closed.

Mr Adzah Complained further that “In September, the company lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars. The situation is getting out of hand and very serious,” he said.

Mr Adzah said the company has been forced to try doing business with other African countries such as Cote d’voire, Senegal, Togo, Benin and other European markets to offset the loss incurred from the Nigerian market due to the border closure.

The Ghanaian products, along with Benin and Niger goods enjoy a very large sales in the Nigeria market as a result of the population and better economic situations compare to that of her neighbouring countries.

 

 

 

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