Prices of goods produced in Angola higher than foreign goods

15 May 2015

Major public consumers in Angola consider that the high price of some domestically produced goods is one of the factors leading them to prefer imports over national products, said, a consultant for the Minister of the Economy, Licínio de Freitas Vaz Contreiras, in Luanda.

He specified that financial officials at major public entities such as the ministries of Defence, Health, Interior and Social Rehabilitation had reported that the level of satisfaction regarding quality, quantity of products and regularity of supply was another constraint causing them to look to the foreign market.

Cited by the daily Jornal de Angola, Vaz Contreiras cited the example of public managers who compare the price of a glove made in Angola with another made abroad and note that the one produced locally has a higher price.

He said it was therefore necessary for the government to focus on the need to lower production costs by increasing the reliable supply of better quality electric power and water and improving roads.

Under the Public Contracting Law, ministries and other public and private institutions, the latter whenever working for the state, must devote at least 25 percent of their budgets to obtaining products in the domestic market. (Macauhub/AO)