The heavy tax burden on local manufacturing companies in The Gambia and the dumping of cheap imported goods in the country is ravaging and virtually killing the local industry, manufacturers in the country have lamented.
|Taxes are a big burden on local manufacturers in The Gambia|
Some member companies of the Gambia Manufacturers Association (GMA) told Gambia News Online that the number of taxes imposed on them is enough to put them out of business, especially at a time when they have very low sales as they find it very difficult for their locally produced goods to find a mark in the country’s market which is flooded with imported goods at a cheaper price than locally produced ones.
“The key issue affecting Gambian manufacturing companies is the heavy tax and the stiff competition from the imported goods,” said Saja Sambou of Gambega, a member company of Gambia Manufacturers Association (GMA).
“We are paying so many taxes, and electricity cost is also high. In light of all this we face very intense competition from Brand B products. By Brand B products, I mean imported goods; products that are being produced locally and a similar product is imported from somewhere and dumped into the market at cheap price.”