Wednesday 14 May 2014

GHANA FILM INDUSTRY AND CURRENT ECONOMIC CRISIS



Ghana is currently experiencing some form of economic crisis, be it mild or hash. To an outsider, it appears the Ghana film industry is immune from the current economic crisis because the price of movie has remained the same GHc5.00. But to an active participant that’s far from reality. If you decide   to look at the Ghana film industry from the point of a manufacturing industry the picture becomes clear.

Film producers also incur cost of production just as a manufacturer. The producer pays cast, drivers, crew, rents buildings etc. The producer also pays for the post production cost which in manufacturing is referred to as Administrative expenses or Sale and Distribution expenses.

Enough of the Accounting, let talk film economics, when you talk to the film marketers and distributors you understand the economics behind it.

The cost of films from the producers to the distributors had gone up by some pesewas but luckily for the Ghanaian film consumer, this cost has not been passed on to him.  So he continues to buy his films at GHc5.00.

 I see the Ghana film industry as charitable in terms of pricing, it behooves on us all to support the industry no matter how shoddy we label the films, it the sure way to grow the industry.

Least I forget, Kwaw Ansah’s films sale at GHc10.00, it comes with a special seal on it. I will avoid the economics of Kwaw Ansah’s.  Sharparrows, slamming out of here.



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