In a joint petition addressed to the Chairman of the Trade Committee in Parliament, major business associations have opposed the proposed Legislative Instrument (LI) aiming to restrict imports of 22 selected items into Ghana.

Some of the associations include the Ghana Union of Traders (GUTA) and the Food and Beverages Association of Ghana (FABAG).

The petition cites several concerns, including fears of skyrocketing prices, potential monopolies, and disruptions to the supply chain due to a permit system controlled by the Minister of Trade.

The business groups argue that the proposed restrictions may lead to increased smuggling from neighbouring countries and a surge in corruption through the issuance of import permits.

Furthermore, the petition criticizes the lack of consultation with the business sector in the preparation of the document and highlights the absence of clear plans for boosting local production.

The Associations emphasise their commitment to collaborating with the government on strategies to enhance local production but urge the immediate rejection of the LI to allow for thorough consultations and dialogue.

The business community also raises concerns about the document's conformity with WTO trade regulations, fearing potential retaliation from trade partners and adverse effects on Ghanaian exports.

The petition concludes with a call for the rejection of the proposed L.I. and advocates for a collaborative, long-term roadmap to reduce imports and increase local production.

The Trades and Industry Minister Kobina Tahir Hammond will attempt for the fourth time to lay the L.I. which now requires extra days of sitting if it is to mature before parliament rises for the Christmas break.

The minority in Parliament blocked the previous attempts by the sector to lay the L.I.

They are of the firm belief that the proposed L.I. is defective and puts so much power in the hands of the minister when it comes to the issuance and renewal of import licenses.

As the Trade Committee in Parliament reviews the petition, it remains to be seen how the government will address the concerns raised by these influential business associations.