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
-
Labour Minister wants SOEs to help shape new public pay system
1 hour -
IPEC will ensure Equity and Sustainability in SOEs Compensation
2 hours -
White House bars CNN from travelling with Trump on Air Force One
3 hours -
Fennis wins second consecutive ITF J60 title in Accra
3 hours -
Spain beat England in thriller after Kane penalty miss
3 hours -
GPL 2026/27: Zaidan’s late goal ends Hearts of Oak unbeaten start
3 hours -
CEOs demand clarity on pay harmonisation, board autonomy as FWSC engages SOEs bosses over IPEC transition
3 hours -
2026 Women’s Super Cup: FC Savannah, Epiphany Warriors maintain top spots ahead of final group games
3 hours -
‘Is EOCO responsible for determining lawyers’ fees?’ – Baffour Awuah
3 hours -
David Beckles claims second J60 Accra title
3 hours -
No France cocaine suspect linked to Mahama, Vice President’s security details – NACOC
4 hours -
Anwelle Foundation launched in Jirapa to tackle poverty, youth unemployment
4 hours -
Joy Sports Editor Fentuo Tahiru Fentuo to moderate inaugural Music Meets Football Summit in Zambia
4 hours -
Court premises too volatile for Baffour Awuah’s attempted arrest by EOCO – Inusah Fuseini
4 hours -
Drug bust: Under no circumstances will NACOC leadership be compromised – Twum-Barimah
4 hours