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An influx of smuggled oil products into the domestic market is eroding local producers’ competitiveness and threatening sustainability of the country’s oil palm industry. According to the Oil Palm Development Association of Ghana (OPDAG), smugglers are exploiting tax loopholes to flood the market with cheap, untaxed oil – putting locally produced brands at a disadvantage. […]
The post Editorial: Smuggled oil products undermining local industry appeared first on The Business & Financial Times.
Source: thebftonline.com
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