"The levy on importation is reduced to the truth; I've cleaned the car for GHC18K instead of GHC31K – Ayine's son

Company News of Thursday, April 4, 2019

Source: clbadfmonnline.com

2019-04-04

Mr. Ross Berizaya Ayine, son of former Deputy Attorney General, Mr. Dominic Ayine, said that the 30% reduction in car import levies began to take effect in the ports as announced by Vice President Mahamudu Bawumia.

Mr. Ayine said he authorized a Honda Civic Touring at 31,000 GHC last week, but also the same model car with the same specifications, Tuesday, April 4, a day after the announcement of the vice president, at 18 000 GHC.

He wrote on his Facebook page: "I am very impressed and delighted by the NPP and Dr. Bawumia for the reduction of import duties. This is a big step forward and it is by far the best governance policy and in the right direction. May God bless all those who have contributed to this success and the brains behind this magnificent movement.

"Last week, I cleared a Honda Civic Touring at GHC 31,000 and another under GHC18000 today. If all successive governments could put this type of policy in place, Ghana, as a country, would be a better place to live. politics is not about colors but about reality. "

Vice President Mahamudu Bawumia on Wednesday (April 3rd) announced that the reference value of imports had been reduced by 50%.

Import duties on cars have also been reduced by 30%.

Bawumia said the reforms were part of measures to combat smuggling at various points of entry into the country and help businesses in Ghana.

"To reduce the incidence of smuggling and increase revenues, the reference value of imports will be reduced by 50%," said Dr. Bawumia at a public meeting in Accra.

President Nana Addo Dankwa Akufo-Addo said last week that reforms to Ghana's tariff regime, which should reduce high tariffs in Ghana's ports, were under consideration and would be soon implemented.

Some business groups have asked the state to intervene and review the high taxes and duties applicable to imported items, Nana Akufo-Addo badured the business world that the government was already in the process of to fix the problem.

"The studies we conducted showed us that our ports were not competitive and that the import regime in our country was far too high. We are taking care of that and, very soon, the measures that the government will put in place will be known to all of you. I do not speak next year, nor in six months, I speak very very soon, "he said.

Nana Akufo-Addo reported on Saturday, March 30, 2019, during a speech at a public meeting organized by Ghanaians residing in Worcester, Mbadachusetts, United States of America, in the United States. part of his visit to this country.

Indeed, some trade unions, including the Union of Traders' Associations of Ghana (GUTA), have asked the state to intervene and review the high taxes and duties applicable to imported products.

Paperless reduces shipping costs

According to Finance Minister Ken Ofori-Atta, the introduction of the paperless port system has already reduced the cost of transactions in ports.

Before Parliament to answer a question posed by a member of Adaklu's constituency, Mr. Kwame Agbodza, on the question of whether the introduction of the paperless port had increased the cost of transactions in ports , the minister said the initiative was rather cost of doing business.

"The results (of the paperless port system) showed that the cost components of business in the country's ports were reduced from 7 to 3 cost components. This then reduced the total costs from 1,280 GHC to 320 GHC, "said Ofori-Atta.

"This means that the paperless system has reduced the cost of port transactions by 960 GHC, which represents a savings of 75%. Importers thus realize savings of 75% through the implementation of the paperless system. "