Tuesday, October 3, 2023
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Business

Vehicle & Asset dealers at odds with the gov’t over a new policy on vehicle importation

August 18, 2022

The Vehicle and Asset Dealers Union has spoken out against a ban on the importation of vehicles used between 0 and 5.

Mr. Frank Atanley Kofigah, Executive Secretary of the Union, told Kwabena Agaypong, host of Frontline on Rainbow Radio 87.5Fm, that there is an attempt to deprive them of their livelihood.

RelatedPosts

Wa: Popularly local MC sentenced for defiling minors

#FixTheCountry legal team will represent the arrested demonstrators in Ashaiman – Barker-Vormawor

Ashaiman: 6 demonstrators demonstrating over poor roads arrested after a clash with the Police

He stated that the Union agreed with the government on the need to prohibit the importation of salvaged motor vehicles into the country, which include wrecked, destroyed, or physically damaged vehicles caused by collision, fire, water, or other occurrences, as well as specified motor vehicles over 10 years old.

Following this agreement, the government, through the Trades Ministry and the Standards Authority, adopted a document and a draft copy, but the government changed the agreement and informed them that they would pay 35% more on the cost of importation for such vehicles.

He bemoaned the government’s bad faith and violation of the agreement reached.

The imposition of the 35% increase he warned could be disastrous for industry operators.

He noted that the cedi’s depreciation against the dollar was unfavourable, and that operators may be unable to import cars into the country.

According to him, the government’s justification is to boost investor confidence.

He claimed that the move could cost Ghana Ghc 1.2 billion within three years of its implementation.

He went on to say that these investors with assembly plants benefit from tax breaks that allow them to import fully built units into the country without paying a pesewa.

“However, citizens who have been operating for over 30 years and supplying vehicles to Ghanaians have reaped no benefits. They want to put us out of business and hand it over to foreigners. The move will put wielders, mechanics, key programmers, and others out of work.”

“We will fight against this policy, and it will not be implemented because there is no policy direction on what they will do for us.” It is not the best, which is why we oppose it.”

By: Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

rasnaataerty

Wa: Popularly local MC sentenced for defiling minors

October 3, 2023

#FixTheCountry legal team will represent the arrested demonstrators in Ashaiman – Barker-Vormawor

October 3, 2023

Ashaiman: 6 demonstrators demonstrating over poor roads arrested after a clash with the Police

October 3, 2023
briit

Kaneshie Foot bridge now a death trap, fix it now – Traders, pedestrians

October 3, 2023
jovvy

Several protestors join #OccupyBoGProtest

October 3, 2023
YAW_ADUTWUM

12 SHSs to offer aviation and aerospace engineering courses with support from universities – Adutwum

October 3, 2023

Recent News

rasnaataerty

Wa: Popularly local MC sentenced for defiling minors

October 3, 2023

#FixTheCountry legal team will represent the arrested demonstrators in Ashaiman – Barker-Vormawor

October 3, 2023

Ashaiman: 6 demonstrators demonstrating over poor roads arrested after a clash with the Police

October 3, 2023
Majority-Leader-Mr-Osei-Kyei-Mensah-Bonsu

Too early to discuss running mate selection, it will create confusion and distraction – Majority Leader

October 3, 2023
  • Trending
  • Comments
  • Latest

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
qz

The appreciation of the cedi against the dollar will be short-lived so don’t over jubilate – Haruna to gov’t

December 17, 2022
z455

Bui Power Authority calls for partnership to do more on climate change program at COP27

November 22, 2022

Hello world!

rasnaataerty

Wa: Popularly local MC sentenced for defiling minors

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

rasnaataerty

Wa: Popularly local MC sentenced for defiling minors

October 3, 2023

#FixTheCountry legal team will represent the arrested demonstrators in Ashaiman – Barker-Vormawor

October 3, 2023

Ashaiman: 6 demonstrators demonstrating over poor roads arrested after a clash with the Police

October 3, 2023
Majority-Leader-Mr-Osei-Kyei-Mensah-Bonsu

Too early to discuss running mate selection, it will create confusion and distraction – Majority Leader

October 3, 2023

Stay Connected test

  • 129 Followers
  • 20.2k Followers
  • 195k Subscribers
  • 23.8k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version