Business News Fri, 5 Apr 2019
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:
Vegetable cooking oil
Frozen poultry products
PVC Ceiling panels
Energy saving bulbs