Dr. Mahamadu Bawumia, Vice President of the Republic of Ghana says the reduction in import duty will be effective April 4 at the various ports.
Import duty has been reduced by 50% while import duty on vehicles reduced to 30%.
Nana Addo Dankwa Akufo-Addo, 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.
The Ghana Union of Traders' Associations (GUTA), has lauded this action by the government.
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