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Business News Fri, 5 Apr 2019

Import duty cut: Checkout goods under benchmark value

There is seeming confusion over the reduction in the benchmark values for all imports announced by the Vice President, Dr Mahamudu Bawumia.

A whopping 50% has been slashed on import duties except for vehicles which would be reduced by 30%.

The move, which took effect from Thursday April 4, 2019, is to decrease smuggling and enhance Ghana’s competitiveness.

But, importers and agents are at their wits end as to which goods fall under the benchmark:

Below is the list:

Canned tomatoes

Vegetable cooking oil

Frozen poultry products

Frozen beef

Biscuits

Soap

Candies

Fruit juice

Rice

Sugar

Sardine

Frozen fish

Sandals

Frozen meat

Magarine

Bond paper

Diapers



Aluminum product

Custard

Float glass

PVC Ceiling panels

Energy saving bulbs

Car batteries

Engine oil

Floor tiles

Water closet

Source: adomonline.com
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