Audio By Carbonatix
The Executive Secretary of the Importers and Exporters Association of Ghana is urging teh government to withdraw the Legislative Instrument seeking to restrict the importation of rice, fruit juice, margarine, cement, fish, sugar and 16 other "strategic products."
This, according to Samson Asaki Awingobit, is because the government has not introduced policies to first increase productivity.
Earlier, some six business associations submitted a petition to Parliament urging the House to reject the import restrictions bill proposed by the government through the Ministry of Trade and Industry.
The Joint Business Consultative Forum, comprising the Ghana Union of Traders Associations (GUTA), Food and Beverages Association of Ghana (FABAG), Importers and Exporters Association of Ghana, Ghana Institute of Freight Forwarders (GIFF), Chamber of Automobile Dealership Ghana (CADEG), and Ghana National Chamber of Commerce and Industry (GNCCI), argue that the bill if enacted, would have detrimental effects on their businesses.
Backing this stance, Mr. Awingobit said producers in Ghana will not be able to meet demand.
Speaking on the AM show on Joy Prime, he explained that utility tariffs, bank interests, and crime rates within the country are high. This he said results in low productivity.
“What is the government doing to prune down borrowing rates and interest rates at the bank?
"What is the government doing to increase the productivity of maize for our poultry producers? What is the government doing to establish rice-producing plants at the farms?,” he asked.
He therefore urged government to rather reduce taxes instead of restricting imports into the country.
Background The Minister for Trade and Industry is seeking to pass an (L.I) to restrict the importation of some strategic products.
The 22 items considered for import restrictions are:
- Rice
- Guts, bladders and stomachs of animals (offal)
- Poultry
- Animal and vegetable oil
- Margarine
- Fruit juices
- Soft drink
- Mineral water
- Noodles and pasta
- Ceramic tiles
- Corrugated paper and paper board
- Mosquito coil and insecticides
- Soaps and detergents
- Motor cars
- Iron and steel
- Cement
- Polymers (Plastics and Plastic Products)
- Fish
- Sugar
- Clothing and apparel
- Biscuits
- Canned tomatoes
However, on three occasions, the Minority has scuttled plans to lay the regulation which they say they are strongly opposed to because, among other things, it gives the Minister for Trade unbridled power.
Latest Stories
-
Livestream: The Law discusses legal backbone of Ghana’s cybersecurity framework
37 minutes -
Photos: 2025 Diaspora Summit
56 minutes -
Diaspora partnership central to Ghana’s reset agenda – Vice President
57 minutes -
Ghanaian graduate students in U.S. appeal for financial support to complete studies
58 minutes -
Four suspects arrested in fatal kidnapping attempt near Chereponi
2 hours -
Sankofa Pan-African Committee honours Temple of Rabbi leader as ‘Custodian of Peace’
2 hours -
Obuasi Trade Show records high turn-out and strong impact
3 hours -
‘Obroni wawu’ – The paradise of waste: Where Charity becomes a curse
3 hours -
38 arrested in intelligence-led police operations across parts of Tema Region
3 hours -
Experts say missing engine part in most Ghanaian vehicles polluting air, sickening people
4 hours -
India express train kills seven elephants crossing tracks
4 hours -
Gunmen kill nine in South Africa tavern attack
4 hours -
Charting a New Course for National Prosperity: Why an open ship registry can anchor Ghana’s twenty-four-hour economy vision
5 hours -
Ghana Airways restoration key to national pride and economic reset – Ablakwa
5 hours -
US seizes second oil tanker off Venezuela’s coast
5 hours
