As government engages stakeholders ahead of 2023 Budget Presentation, the Association of Ghana Industries (AGI), says it has made some proposals to government on the reversal of the Benchmark value and implementation of the zero rated import duties on industrial raw materials.

Speaking to Joy Business after the association held a meeting with the Finance Minister, President of the AGI, Humphrey Ayim-Darke said he is hopeful the economy will recover from recent global shock if the proposals are considered.

“Part of the process by virtue of our long standing industry, we contribute to budget input,” he said adding that AGI has appealed for a review of key industry policies.

He stated that the association will continue to raise important issues such as the call for the international verification, and benchmark discount value among others to strengthen the operations of its members.

Touching on difficulties in doing business, Mr. Ayim-Darke stated pointed out that government must improve systems that will make it easier for industry to import raw materials for processing.

“We want the budget to look at issues like the VAT, zero rated import duty on industrial raw materials to help rejuvenate the private sector”, he stressed.

He added that, if tax exemptions are granted that will go a long way to create jobs and propel economic growth.

“If we could get some rejuvenation with some tax exemptions, some interventions like the zero rated on raw materials and these reversals of the VAT and Policy Rate, we could help government rejuvenate and create jobs in the private sector.