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Business News of Monday, 1 April 2019

Source: Atinka Online

GUTA lauds government’s plans to reduce import duties

Leadership of Ghana Union of Traders' Associations (GUTA), has lauded plans of government to reduce import duties.

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.

Following calls on government to reduce import duties, President Akufo-Addo assured Ghanaians that Cabinet was already in the process of dealing with the matter.

Akufo-Addo said this last Saturday at a townhall meeting of Ghanaians resident in Worcester, Massachusetts, in the United States of America, as part of a working visit to that country.

This act by government follows petitions presented by trade unions including the Ghana Union of Traders Associations (GUTA) to intervene and review the high taxes and duties on imported items.

Speaking to Ekourba Gyasi on Atinka AM Drive Monday, President for the Ghana Union of Traders' Associations (GUTA), Dr. Joseph Obeng stated that the decision was a good one and that it will aid GUTA members.

“We presented our petition and went further to interact with government. We kept pushing and reminding government. We are grateful to government and all stakeholders”, he said.

Asked why the President made this announcement outside Ghana, Joseph Obeng stated that Ghanaians living abroad export their items to Ghana and that they are equally recipients of the message just like traders in Ghana.

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