Kasapreko loses about $2m following the closure of the Nigerian border

Kasapreko loses about $2m following the closure of the Nigerian border

- Ghanaian beverage company loses $2 million because of the closure of Nigeria's border

- Kasapreko Company Limited said there is a shortage of its products on the Nigerian market now

- Kasapreko's Alomo Bitters is a beverage widely consumed by Nigerians

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The closure of the Nigeria border continues to affect businesses, especially Ghanaian-owned ones operation internationally.

Indigenous Ghanaian beverage company, Kasapreko Company Limited, is one of such businesses.

The Alomo Bitters manufacturer said it has lost about $2 million in revenue due to the closure of the border by the Nigerian government.

Francis Adzah of Kasapreko said the company has been hit severely by the action of the Federal Government of Nigeria to close borders with neighbouring countries.

He narrated the company was only able to supply three trucks of their products into the Nigerian market prior to the closure of the border.

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Mr. Adzah opined that there is shortage of Kasapreko products on the Nigerian market now.

He noted that the company has four trucks of products grounded at the border waiting to enter the market.

In September, we lost $1 million to the closure. October is almost ended and our checks show a loss of another million dollars,” Adzah noted.

Kasapreko’s Alomo Bitters is a beverage widely consumed by Nigerians.

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The company said it has been forced to venture into other African regions like Ivory Coast, Senegal, Togo, Benin and other European markets to offset the loss incurred from the Nigerian market due to the border closure.

YEN.com.gh eralier reported that NDC flag bearer for the 2020 presidential elections, John Dramani Mahama, has promised to complete all health projects abandoned by the NPP across the country.

The former president accused the Akufo-Addo-led administration of deliberately ignoring all health projects started during his tenure.

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Source: YEN.com.gh

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