{"id":25158,"date":"2023-11-24T16:48:39","date_gmt":"2023-11-24T16:48:39","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods"},"modified":"2023-11-24T17:09:10","modified_gmt":"2023-11-24T17:09:10","slug":"sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods","title":{"rendered":"Sierra Leone Importers Association Gives Solutions to Reduce Prices of Goods"},"content":{"rendered":"

Africa-Press – Sierra-Leone. <\/strong><\/span>The Deputy Secretary-General of the Sierra Leone Importers Association, Alhaji Sheriff Barrie, has asserted that the association possesses the necessary expertise and solutions to stabilize prices and revitalize the country\u2019s economy.<\/p>\n

<\/a>Barrie outlined two key mechanisms that could effectively address price stabilization challenges:<\/p>\n

Reinstating the 1969 Indigenous Act\u2019s mandate for wholesalers to sell to retailers and retailers to sell to consumers. This distinction would eliminate the current blurring of roles, which has contributed to price hikes.Eliminating the \u201cexclusive right\u201d policy that grants sole importation rights for specific products to a single individual. This policy breeds monopolies, enabling price manipulation.<\/p>\n

Barrie emphasized that the association has repeatedly engaged with past and present Ministries of Trade to advocate for the removal of the exclusive right policy and a revision of the 1969 Indigenous Act to facilitate a more competitive and price-sensitive market.<\/p>\n

In response, Emmanuel Billy Koji, Chief Director and Professional Head at the Ministry of Trade and Industry, clarified that the term \u201cexclusive right\u201d is not legally recognized, and that the existing law solely grants trademark rights to individuals who have acquired agency contracts from producers. Koji further highlighted Sierra Leone\u2019s shift towards local production, with manufacturing\u2019s contribution to GDP increasing from 3% to 17% in the past five years under the current government.<\/p>\n

Koji emphasized the government\u2019s recognition of the private sector as a driving force for economic growth and development. He assured that the Ministry is actively working to create an enabling environment for businesses to thrive, ultimately benefiting Sierra Leonean citizens.<\/p>\n

The Sierra Leone Importers Association\u2019s proposals and the Ministry of Trade and Industry\u2019s response underscore the ongoing dialogue and collaborative efforts aimed at addressing price stabilization and economic growth in Sierra Leone.<\/p>\n

For More News And Analysis About Sierra-Leone<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Sierra-Leone. The Deputy Secretary-General of the Sierra Leone Importers Association, Alhaji Sheriff Barrie, has asserted that the association possesses the necessary expertise and solutions to stabilize prices and revitalize the country\u2019s economy. Barrie outlined two key mechanisms that could effectively address price stabilization challenges: Reinstating the 1969 Indigenous Act\u2019s mandate for wholesalers to […]<\/p>\n","protected":false},"author":84,"featured_media":25156,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[291,293,292],"class_list":["post-25158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"\nSierra Leone Importers Association Gives Solutions to Reduce Prices of Goods - Sierra Leone<\/title>\n<meta name=\"description\" content=\"The Deputy Secretary-General of the Sierra Leone Importers Association, Alhaji Sheriff Barrie, has asserted that the ass ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sierra Leone Importers Association Gives Solutions to Reduce Prices of Goods\" \/>\n<meta property=\"og:description\" content=\"The Deputy Secretary-General of the Sierra Leone Importers Association, Alhaji Sheriff Barrie, has asserted that the ass ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-24T16:48:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-24T17:09:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/11\/sm_1700832987.244655.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Sierra Leone Importers Association Gives Solutions to Reduce Prices of Goods\",\"datePublished\":\"2023-11-24T16:48:39+00:00\",\"dateModified\":\"2023-11-24T17:09:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods\"},\"wordCount\":312,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/11\/sm_1700832987.244655.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/sierra-leone-importers-association-gives-solutions-to-reduce-prices-of-goods\",\"name\":\"Sierra Leone Importers Association Gives Solutions to Reduce Prices of Goods - 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