Thursday, October 8, 2026
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Business

One does not need a certificate to be in the second clothing business –  Association 

May 26, 2024
Screenshot_20240526-073040

An executive member of the Ghana Used Clothing Dealers Association, Aikins Mensah, says one does not need a certificate to become a second cloth dealer.

He stated that no certificate is required to become an importer, wholesaler, or retailer.

RelatedPosts

Bank of Ghana warns public against rising digital financial fraud

BoG flags 20 unlicensed mobile loan entities

BoG pilots direct yuan trade payments to ease dollar demand

He posited that the sector has created jobs for several people and also provided opportunities for those who cannot afford expensive clothing to buy from them.

He noted that all one needs is to be diligent, truthful, and dedicated to operating in that sector.

Speaking in an interview on Rainbow Radio 87.5 FM, he said the sector was previously dominated by women, but in recent times, men have also joined.

“The sector is a chain of importers who import goods in large quantities. Then there are those who are into wholesaling, retailing, and other forms of trade. 

“There are those who also engage in supply. We have others who also export from Ghana to other neighbouring countries.”

Meanwhile, he has attributed the hikes in second clothing to the depreciation of the cedi and the cost of duties, among other factors.

Responding to concerns raised by some Ghanaians over how used clothing has become expensive, he said the situation should be blamed on the depreciation of the cedi.

He stated that the cedi has been depreciating strongly against numerous currencies, particularly the US dollar, for some time, resulting in rising retail costs.

The depreciation he mentioned has grown more normal, in the sense that the cedi is depreciating on a daily basis.

The cost of the dollar, he lamented, keeps changing every twenty-four hours, and it is a major threat to businesses that the government ought to address.

“This is a major crisis. The depreciation of the cedi is threatening us. We pray the cedi will appreciate against the dollar for even a period of 3 months, and things will change a bit. The depreciation is now on a daily basis.

You will call someone today and ask about the price of a dollar, and the next day, the price has changed. This is dangerous for business owners. The price abroad for the goods has not changed. The challenge confronting us is the depreciation of the dollar. For the several years I have imported from China, the price has never changed, but the depreciation of the cedi is what is causing the problem. That is why we are appealing to the government to do something about it.”

By: Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

Bank-of-Ghana-Announces-New-Foreign-Exchange-Operations-Framework

Bank of Ghana warns public against rising digital financial fraud

October 7, 2026
Bank-of-Ghana-Announces-New-Foreign-Exchange-Operations-Framework

BoG flags 20 unlicensed mobile loan entities

October 6, 2026
Bank-of-Ghana-Announces-New-Foreign-Exchange-Operations-Framework

BoG pilots direct yuan trade payments to ease dollar demand

October 6, 2026
54851

BoG, Police arrest seven over commercial crafting of money bouquets and cakes

October 5, 2026
53601

Ghana and Kyrgyzstan Explore Gold Mining and Trade Partnership

October 2, 2026
53566

NLA pays GH¢10m dividend to state after eight-year hiatus

October 2, 2026

Recent News

57924

President Mahama directs GH¢1bn allocation for national housing fund in 2027 budget

October 7, 2026
Police GH

Hospital admission halts court appearance of man in viral Nana Akua abuse case

October 7, 2026
ghana-cedi

Bank of Ghana warns against illegal repair of damaged banknotes

October 7, 2026
Bank-of-Ghana-Announces-New-Foreign-Exchange-Operations-Framework

Bank of Ghana warns public against rising digital financial fraud

October 7, 2026
  • Trending
  • Comments
  • Latest
Muntaka-750x375

Monday, March 31, and Tuesday, April 1, 2025, declared as public holidays

March 23, 2025
image-27

Business Committee of Parliament constituted with Ato Forson as Chairman

January 10, 2025
Screenshot_20230811-133044

17-year-old boy caught having sex with a pregnant dog

August 11, 2023

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Hello world!

57924

President Mahama directs GH¢1bn allocation for national housing fund in 2027 budget

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

57924

President Mahama directs GH¢1bn allocation for national housing fund in 2027 budget

October 7, 2026
Police GH

Hospital admission halts court appearance of man in viral Nana Akua abuse case

October 7, 2026
ghana-cedi

Bank of Ghana warns against illegal repair of damaged banknotes

October 7, 2026
Bank-of-Ghana-Announces-New-Foreign-Exchange-Operations-Framework

Bank of Ghana warns public against rising digital financial fraud

October 7, 2026

Stay Connected test

  • 134 Followers
  • 20.2k Followers
  • 207k Subscribers
  • 24k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version