High import duty killing local businesses – Ghana Union of Traders Association

Port cargo
  • The Ghana Union of Traders Association wants the government to reduce import duty.
  • According to them if the government fails to do so, it will lead to the continuous increment in prices of imported goods.
  • But an analyst believes the reduction may not happen due to the government's ambitions.

The Ghana Union of Traders Association (GUTA) has called on the government to review the country’s import duty since their woes have increased due to the high cost of import duty.

The National Organizer of GUTA, Clement Boateng told Accra-based Starr FM that the cost of imported goods on the market will continue to increase if the government does nothing about the high import duties.

“Businessmen in the country have been complaining about high import duties but currently that is one of the ways the government can also make revenue…but we are very prepared to engage government.

“We think that import duties are killing the business community in Ghana.”

His comments come after Ghana’s President, Nana Akufo-Addo said during his last media encounter in 2018 that the government is considering scrapping import duties or slash it significantly to boost port operations.

However, the Chief Executive Officer (CEO) of the Institute of Certified Economist Ghana, Gideon Amissah said GUTA’s demands may not be met due to the current ambitious projects of the current government.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

From Millionaire to Hawker - How Muthee is rebuilding his life from scratch

From Millionaire to Hawker - How Muthee is rebuilding his life from scratch

Why do guys still masturbate when they have girlfriends?

Why do guys still masturbate when they have girlfriends?

Police uniform, weapon are ID - Mutyambai addresses Boniface Mwangi's trending clips

Police uniform, weapon are ID - Mutyambai addresses Boniface Mwangi's trending clips

Jalang'o announces his last day on Kiss 100 [Video]

Jalang'o announces his last day on Kiss 100 [Video]

3 foods that cause acne and 3 that don’t

3 foods that cause acne and 3 that don’t

If I rise, let me rise with other people - Crazy Kennar scoops 3 titles at the Pulse Influencer Awards

If I rise, let me rise with other people - Crazy Kennar scoops 3 titles at the Pulse Influencer Awards

Zuckerberg loses $6 billion hours after Facebook, WhatsApp, Instagram crashed

Zuckerberg loses $6 billion hours after Facebook, WhatsApp, Instagram crashed

Cooking for Drake, collaboration with Wizkid and other things Tems revealed in a Twitter Q&A

Cooking for Drake, collaboration with Wizkid and other things Tems revealed in a Twitter Q&A

I’m a father of Two - Willis Raburu’s humble request over his late daughter Adana

I’m a father of Two - Willis Raburu’s humble request over his late daughter Adana