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
-
FBI searches home of Washington Post reporter in classified documents probe
18 minutes -
Ghana’s Benjamin Arhin shines on Internacional debut with Man of the Match display
41 minutes -
Stanbic Bank Ghana maintain top rank in Customer Experience Leadership in 2025 KPMG Assessment
50 minutes -
Newmont-backed AI smart lab powers Kona D/A students to victory at Ghana Robotics Competition
1 hour -
Venezuelan acting president says hundreds of prisoners have been released since December
1 hour -
Nilex Suites holds first open house ahead of official launch
2 hours -
We’re far from Ofori-Atta’s extradition – Frank Davies responds to Ablakwa
2 hours -
Judicial Service, Finance Ministry summoned ahead of JUSAG strike
3 hours -
Takoradi Port to receive largest bulk carrier ever to berth in West Africa
3 hours -
Mane hits winner as Senegal end Salah’s Afcon bid
3 hours -
NLC summons Finance ministry, Judicial service over JUSAG’s 8-month salary arrears
3 hours -
Interior and Education Ministries signs MoU to produce sanitary pads, school uniforms and furniture
3 hours -
GIS to repatriate 8 foreign nationals convicted over illegal activities under guise of QNET
3 hours -
The Republic of Queues: DVLA’s Digital Revolution
3 hours -
ACEP hosts Guinea delegation for three-day peer learning exchange on civil society advocacy
3 hours
