New, lower import duty regime in the offing-Prez Akufo-Addo

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President Nana Addo Dankwa Akufo-Addo

President Nana Addo Dankwa Akufo-Addo has disclosed that reforms to reduce Ghana’s import duty regime to bring down the high duties prevailing in Ghana’s ports, are in the offing, and would soon be rolled out.

This comes after numerous petitions from the Trades Union Congress and Ghana Union of Traders Association (GUTA) for government’s intervention and review of the high taxes and duties on imported items which they described as bottlenecks hindering the success of their businesses.

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Addressing Ghanaian residents in Worcester- Massachusetts, in the United States, in a Town Hall Meeting, President Akufo-Addo gave the assurance that measures in dealing with the matter were already in progress.

“We have realised from the studies we have done that our ports are not competitive, and the import regime in our country is far too high. We are dealing with it, and, very soon, the measures that government will roll out will become known to all of you. I am not talking next year, or in six months’ time, I am talking very, very soon,” he explained.

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Meanwhile, Speaking on Accra-Based Okay FM’s Ade Akye Abia Show, Monday, the President of GUTA, Mr Joseph Obeng, on behalf of the union, expressed appreciation to the President for the new development.

“We are happy our major problem has finally been given attention, this is really good news for us because our biggest headache in doing business in Ghana will soon be dealt with,” he said.

Source: Ghana/ Adomonline.com/ Gertrude Otchere