“In the first instance regarding the textile industry, in the days of Dr. Kwame Nkrumah and even in the few years after he was removed from power, Ghana had a thriving textile industry that was employing thousands of Ghanaians and making made in Ghana fabric and designs that were the envy of Afrika.
However, since the overthrow of Nkrumah, the IMF/World Bank have very carefully and totally eroded the once thriving local textile industry to such an extent that even fabrics that once were associated with Ghana are not even manufactured in Ghana.
These polices sanctioned by the IMF/World Bank have resulted in cheap imports mainly from China flooding the Ghanaian market which has devastated the local textile industry in the process leaving thousands of Ghanaians lose their jobs in this industry.”
The Refab Blog
Text tagged as: reblog
- Reblog from
