Audio By Carbonatix
The National Democratic Congress(NDC) has condemned government’s decision to reverse the benchmark value discounts on imports introduced in 2019 to cushion importers.
The Finance Minister in the 2022 budget, announced government’s policy to reverse the discounts on benchmark values in order to curb imports and raise badly needed revenue.
The NDC has decried what it says will be the severe hardships that will emanate from the policy reversal since importers will pass on the increase in duty payments to consumers who are already overburdened with taxes.
Addressing a press briefing on the matter on Wednesday, Communications Officer of the NDC, Sammy Gyamfi singled out Vice President Bawumia for criticism describing his stance on the issue of benchmark value reversal as “deceitful”.
Mr Gyamfi dismissed claims that the reversal of the discounts was aimed at curbing imports and shoring up revenues at the port which he says has consistently witnessed increases in the last few years.
He described as “callous and insensitive ”the decision to pass on the full cost of imports to importers when escalating prices of goods and services had become a major problem for Ghanaians.
Mr Gyamfi urged the Akufo-Addo administration to look within and streamline expenditures some of which he classified as wasteful and align them with whatever revenues are raked in.
He said the Ghanaian people could no longer bear the hardships imposed on them through incessant taxation and called for an immediate resolution of the situation.
Latest Stories
-
Gender Ministry empowers Kayayei with health, financial literacy and safety skills
3 minutes -
‘The law is the law’ – Mahama insists as Asake pleads on Cyborg’s behalf over firearm incident
24 minutes -
Police arrest 2 over illegal possession of 2,600 AK-47 ammunition in Ashanti Region
26 minutes -
Goldbod is rewriting Ghana’s gold story and restoring national value – Senyo Hosi asserts
35 minutes -
Goldbod: Loss or no loss? The price of everything and the value of nothing
40 minutes -
Goldbod’s $214m cost isn’t a loss but a strategic policy investment – Senyo Hosi
41 minutes -
Government settles US$709m Eurobond obligations ahead of due date
41 minutes -
Low inflation and cheaper imports show Goldbod’s true economic value – Senyo Hosi
44 minutes -
VAT reforms: GRA raises registration threshold to GH¢750,000, cuts rate to 20% from Jan. 2026
45 minutes -
Cedi appreciation saved Ghana over GH¢12bn in debt and power payments – Senyo Hosi
50 minutes -
NPP Primaries: Dr Bawumia takes commanding 73% lead — latest Global InfoAnalytics report
57 minutes -
DGPP helped Ghana defy IMF currency forecasts and stabilise the Cedi – Senyo Hosi
58 minutes -
Guinea junta chief wins presidency in controversial election
1 hour -
Cassava from reclaimed mine lands found to contain unsafe cyanide and lead levels – Study reveals
1 hour -
Gov’t settles $709m eurobond payment ahead of schedule – Ato Forson
1 hour
