Vice-President Dr Mahamudu Bawumia has announced that government with effective from tomorrow Thursday, April 4, 2019 will reduce all import duties by 50%.
The Vice-President also disclosed that import duty on cars have also been cut by 30%.
He explained that the move is to let Ghanaians appreciate the fact that the Akufo-Addo administration is a listening government that always have the interest of Ghanaians at heart.
Whiles admitting that import charges are “higher in Ghana than any Africa country”, a phenomenon he said was not appropriate, the Vice-President, who is the head of the Economic Management Team was emphatic that “it should be a flat rate across.”
“Why should the cost of scanning a container, vehicle examination fees, and network charge is a percentage of the value of the goods in the container. Why should the cost of processing a container, covering import be a percentage of the cost of the value of the goods?” he questioned.
Dr Bawumia said these reforms are part of measures to deal with smuggling at the various entry points into the country as well as assisting businesses in Ghana.
“To reduce the incidence of smuggling and enhance revenue, the benchmark delivery value of imports will be reduced by 50 per cent,” Dr Bawumia said at a Town Hall meeting in Accra on Wednesday, 3 April 2019, to wild cheers from the gathering.
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/ Twitter: @Washman5/ Instagram: Ambrose_wash
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When this people came to power they said spare parts was free from import duty. What happened? Once a liarr always a liarr!
Ghanaians don't need to pay any tax. The volume of export in a month alone is enough to take care of all of us for two years without paying taxes. They said Free education is free and yet we're paying for education in every sector of the economy. I hope this reduction has no hidden agenda. Once a liarr always a liarr. Now it is difficult to trust them.
@CONCERN CITIZEN HAHAHAHAHAHAHAHAH...YOU HAVE MADE MY DAY....HAHAHAHAHAHAHA
God Bless Nana and his team..Like it or hate this man.. He didnt come to make wealth for himself but to help Ghana.. GOD BLESS HIM
The reduction will be on the bench mark value of the cargo. for instance if the bench mark value of tile 60x60 is $5.5 square meter, it will be half of the bench mark value. I think is good news. Let see how it goes.
That's a great news but we hope it is not going to ve a mere politics. And it is going to stay for good. We need strong institutions to keep all these in good condition. Bribery and Corruption must be a thing of the past.
You have put on your NDC thinking cap again.Your party is doomed forever,it will be better to change your mentally and move on with this government.Nothing in the world is perfect but I can boldly tell you this administration is far better than NDC.
My car is arriving next week.i was crazy about the estimated duty.does this mean that now the duty will come down drastically.ooo thank God and i hope these CEPS Officers,GHPHA,SHIPPING LINES aND AGENTS Will not try to misled their client but will just adhere to the directives from above. we have all head of the reduction, so no colulu explaination froms ceps and agents. yoooo
OPEN LETTER TO KENEDY AGYEAPONG,COMING NEWS. SIR, EXERCISE PATIENT WITH GHANA , N,P,P PARTY AND EVERY ONE IN GHANA , EVEN ANGELS IN HEAVEN KNOW WHAT U HAVE DONE FOR GHANA AND GHANAIANS AND N,P,P PARTY, , THERE ARE 2 PEOPLE IN GHANA WHO WILL GO TO HEAVEN FIRST AND THEIR KENEDY AGEAPONG AND KOFI WAYO MARK THIS, , . NOW, NANA ADDO LOVES GHANA , HE IS THE ONLY PRESIDENT IN AFRICA WHO HAS NOT TAKEN HIS PEOPLE ONE CEDI OR DOLLAR FOR 3 YEARS NOW, NANA ADDO IS GOD GIFT TO GHANA AND IF WE MISS THAT MAN, MARK MY WORD GHANA WILL BE COME LIKE Afghanistan, ALL GHANAIANS MUST LISTEN TO NANA ADDO AND HELP HIM TO BRING GHANA BACK ON TRACK, GHANA IS ON TRACK , ALL NANA HAS TO DO NOW IS TO CREATE JOBS ALL OVER GHANA FOR THE YOPUTH AND LET MONIES FLOW SO THAT GHANAIANS WILL ENJOY, AS FOR MAHAMA AND AILING , ***barred word***, DISGRACED N,D,C PARTY, THEY KNOW THEIR HAVE FAILED THE COUNTRY ,THEY ARE ONLY MARKING NOISE, THEY FEAR FOR THEIR CRIMES AGAINST GHANA. GHANIANS AND GOD, FOR THEIR PAYING FOR THEIR CRIMES, ALL GHANA PEOPLE MUST VOTE IN THEIR MILLIONS FOR NANA COME 2020 AND GHANA WILL BE COME LIKE HEAVEN THIS 2019.. all GHANAINS have to do is to assist nana ADDO TO DELIVER ,, NANA HAS DONE 80 PERCENT OF THE WORK AND HE IS LEFT WITH 20 PERCENT AND THAT IS HE SHOULD CREATE JOBS FOR THE BOYS AND GIRLS AND MAKE MONIES FLOW AND N,P,P WILL RULE GHANA FOR ONE MILLION YEARS, KENNEDDY , BE PATIENT WITH THE PARTY AND SUPPORT NANA, GOD BLESS U, FROM GH PP , NOTE SEND THIS NOTE TO KENEDY AYEAPONG, , KOFI WAYO AND NANA ADDO AND ALL GHANAIANS AFTER READING,
DR BAWULIAR, IS IT 50% REDUCTION OF OVER ALL IMPORT DUTIES. NB: IS A COMPONENT OF OVERALL DUTIES PAID AT THE PORT. IF FOR EXAMPLE IMPORT DUTY CONSTITUTE OF 15% OF THE WHOLE DUTY TO BE PAID. AND THE ENTIRE DUTY ON SPRINTER IS GH¢10,000 . IMPORT DUTY IS JUST GH¢ 1500. 50% OF GH¢1500 WILL JUST BE GH¢ 750 REDUCTION.