Audio By Carbonatix
The Ghana Union of Traders Association (GUTA) is appealing to government not to reverse the policy on the 50% reduction on the benchmark value in the 2022 National Budget statement.
The policy was introduced to cushion the importing community from high import duties as well as fees and charges at the ports.
“The policy has helped enormously in saving businesses. It has also prevented smuggling as well as ensured compliance and this enabled the government to exceed its revenue targets over the years,” a statement from the President of GUTA, Dr. Joseph Obeng, stated.
According to him, businesses are in serious distress and finding it difficult to operate, hence any attempt to reverse the policy will spell doom for businesses in the country, especially the trading community.
Meanwhile, the President of GUTA says his outfit has no objection to increase in taxes by government on non-essential goods such as alcoholic drinks, cigarettes and other related products that may be harmful to human health.
Latest Stories
-
UK restricts DR Congo visas over migrant return policy
2 hours -
Attack on Kyiv shows ‘Russia doesn’t want peace’, Zelensky says
2 hours -
Two dead in 50-vehicle pile up on Japan highway
2 hours -
Fearing deportation, Hondurans in the US send more cash home than ever before
2 hours -
New York blanketed in snow, sparking travel chaos
2 hours -
Creative Canvas 2025: Documenting Ghana’s creative year beyond the noise
6 hours -
We would have lost that game last season – Guardiola
6 hours -
Nigeria reach AFCON last 16 despite Tunisia fightback
6 hours -
‘He just needed more time’ – Wirtz finally breaks Liverpool duck
6 hours -
Arsenal in ‘survival’ mode as ‘sensational’ Raya save keeps them top
7 hours -
‘Wizkid is my boy, I accommodated him years ago’ – American rapper, Wale
7 hours -
[Video] ‘I don stop to dey give belle anyhow’ – 2Baba confesses
7 hours -
‘No artist is wack, every music is tailor-made’ – 2Baba
7 hours -
[Video]Timaya falls on stage while trying to lift plus-sized woman during performance
7 hours -
Family cremates wrong body after hospital mistake in Scotland
8 hours