Reference no: EM133315453
Question 1: The minister of finance Mr. Ken Ofori Atta read the 2022 goverment budget on 17t November, 2021 and indicated that the fifty percent benchmark rate that was introduce in 2019 will be scrapped. This is because the Association of Ghana Industries (AGI) has argued strongly that it has made imported goods cheaper at the expense of locally manufactured goods.
They content that in order for government 1D1F and local industrialization agenda to survive,importation from China and other similar countries must reduce drastically by making them more expensive. Do you share the view of the minister and the AGI? Justify your stand with three (3) reasons?
Question 2: a. The minister of finance Mr. Ken Ofori Atta read the 2022 goverment budget on 17t November, 2021 and indicated that the fifty percent benchmark rate that was introduce in 2019 will be scrapped. This is because the Association of Ghana Industries (AGI) has argued strongly that it has made imported goods cheaper at the expense of locally manufactured goods.
They content that in order for government 1D1F and local industrialization agenda to survive,importation from China and other similar countries must reduce drastically by making them more expensive. Do you share the view of the minister and the AGI? Justify your stand with three (3) reasons?
b. Pick and Snack Ltd is a local SME in the production of indigenous chips and snacks. The company is seeking to enter the European market with their produets and have come to you for advice.
Discuss four (4) challenges they are likely to eneounter and suggest ways to address them?
Discuss four (4) entry strategies you will recommend for them.