President Akufo-Addo’s announcement to initiate reforms to Ghana’s import regimes has been described as commendable by the business community.H
However, he has been asked to ensure the reforms when initiated are implemented.
An importer and businessman, Mr Aikins Mensah, in an interview with Kwabena Agyapong on Rainbow Radio 87.5Fm said, the announcement is good but he feels it may be just be one of the talk shops and unfulfilled promises in the past.
He lamented the stress businessmen and women have to go through in paying import duties.
He has called for a minimum of six months and maximum of a year review of import charges.
“The announcement is good news but he would have to walk the talk and deliver on the promise, ” he said.
When asked about the importance of the paperless system he said, the paperless system has been helpful but stressed that an expensive import regime would make the paperless system useless.
On his part, Chairman of the Abossey Okai Spare Parts Dealers Association , Mr Siaw Ampadu, said the announcement is coming at a time when importers have raised concerns about the expensive import regime.
He expressed gratitude to the president and said when implemented, the reforms will bring relief to businesses.
He said, some importers are engaging in under invoicing because of their inability to pay duties and believes a reform to reduce the import duties, will encourage importers to pay their duties for government to generate enough revenue from our ports.
He indicated that importers pay between GHc5,000-6,000 on a GHc10,000 import, a situation he says deprive them of the needed profits.
He expressed strong optimism the announcement by Nana Addo would be implemented.
The President of the Republic, Nana Addo Dankwa Akufo-Addo, has indicated that reforms to Ghana’s import duty regime, which will bring down the high duties prevailing in Ghana’s ports, are in the offing, and will be rolled out soon.
With many having petitioned the State to intervene and review the high taxes and duties on imported items, President Akufo-Addo assured that Government is already in the process of dealing with the matter.
“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 6 months’ time, I am talking very, very soon,” he said.
President Akufo-Addo made this known on Saturday, 30th March, 2019, when he addressed a townhall meeting of Ghanaians resident in Worcester, Massachusetts, in the United States of America, as part of his visit to that country, President Akufo-Addo.
Indeed, some trader unions, including the Ghana Union of Traders Associations (GUTA), have petitioned the state to intervene and review the high taxes and duties on imported items.