Importers head to Kumasi streets to face Cedi tax hikes and depreciation



[ad_1]

Company News of Thursday, March 14, 2019

Source: dailymailgh.com

2019-03-14

Osafo Maafo Senior The group said the prime minister had made the clearance of goods at Ghana's entry points heavier.

A group of importers in Kumasi threatened to attend a demonstration to express their dissatisfaction with "several taxes" levied at different ports of entry.

Importers in the Kumasi Central Market and the Eastern Corridor Importers Association say that development makes their work difficult.

Frustrations

At a press conference held in Kumasi on Wednesday, March 13, the group lamented the fact that a working group set up by the presidency and the Prime Minister's office are making the process of clearing goods at the points from Ghana entry heavy and frustrating.

Although the group supported the government's idea of ​​expanding the tax net, it was concerned about how the task force would work.

Cedi depreciation

The group also lamented that the gradual depreciation of the Ghana cedi against the US dollar and the British pound is weighing heavily on them, leaving the government to tackle the problem by the end of March.

"It becomes frustrating. The points of entry and control with the working groups are one too many. We can not even check them. Some of them even beat us when we asked them for a piece of identity. Some of them say they belong to the minister's office, while others say they come from the presidency, "the group said.

"We want to call on the president to intervene. Duty is too much. It was not like that in Kufuor's day. We pray the President to listen to our call. "

Their appeal came a few days after the members of the State Council and President Akufo-Addo had held an in camera meeting on the high rate of duties, taxes and levies on imported products at ports of entry in Ghana and on the many tax exemptions.

Traders 'unions, including the Ghanaian Traders' Union (GUTA), had asked the state to intervene to revise taxes and duties on imported products because they were too high.

Following the petition, the State Council took steps to hold consultations with various stakeholders to enable it to provide informed advice on the issue.

[ad_2]
Source link