Audio By Carbonatix
The president of the Association of Ghana Industries is challenging President Mills to fulfill his campaign promise of allowing local manufacturers to postpone payment of import duties on their raw materials till after production.
The AGI has argued the facility, which is presently enjoyed by businesses within the free-zone enclave, is discriminatory against local manufacturers because they have to compete in the same market where their free-zone counterparts sell 30 percent of their output.
Nana Owusu-Afari believes postponing all such pre-production taxes until after production will level the playing field.
He was speaking at his induction by the AGI in Accra on Thursday.
“Import duties on raw materials should be deferred until after production; call it post-production taxes. When you get post-production taxes, you are freed, for at least, a month or two so that you can use your money to expand your business,” Mr Owusu-Afari said.
Immediate past president of the AGI Tony Oteng-Gyasi asked government to make it mandatory for businesses to join associations to enhance data collection.
On her part, Trade Minister Hannah Tetteh said government intends using revenue from the oil exploration to boost infrastructure for businesses to thrive.
Source: Joy Business/Myjoyonline.com/Ghana
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
29 minutes -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
51 minutes -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
1 hour -
Volleyball emerges as Ghana’s fastest rising sport
1 hour -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
2 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
2 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
2 hours -
I owe my victory to coach Ofori Asare – Allotey after winning WBA Africa Gold Super Flyweight belt
2 hours -
Church of Pentecost supports over 2,000 BECE candidates in Obuasi with career guidance seminar
4 hours -
Brandon Asante and Coventry all but promoted to Premier League despite Sheffield Wednesday draw
4 hours -
GPL 2025/26: Late Kwartemaa strike downs Hearts in Tema
4 hours -
Ghana Faces Sierra Leone Moment as Prosecutorial Powers come under strain
4 hours -
Don’t consume fish or seafood from Tema Shipyard until further notice – FDA warns
4 hours -
Why volunteering might be Africa’s most underrated career accelerator
4 hours -
ActionAid Ghana raises concern over gender gaps in Feed Ghana Programme
4 hours