‘Piracy Crumbling Businesses’

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By Cephas Larbi

By Cephas Larbi

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It interferes with the virtuous cycle of investment, whereby revenues from existing products are re-invested in developing creativity and innovation,’ he said.

Mr. Frimpong said counterfeiting and illicit trade also affect job creation, government revenue, the image  of the country.

He appealed to all stakeholders to work together to address the numerous issues.

Mr Frimpong disclosed that the Association had secured funding from the Business Sector Advocacy Challenge Fund (BUSAC Fund) to implement a policy to address the issues.

Emmanuel Doni Kwame, Managing Director of World Trade Centre and Consultant of the project, said pirated goods were very cheap but costly, stressing the need to launch a campaign to combat counterfeiting and piracy in Ghana.

Mr Doni Kwame said the focus of the project is on textile and pharmaceutical sectors and expressed the hope that the targets would be met.

By Cephas Larbi
[email protected]

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