
Audio By Carbonatix
Government says it remains committed to reviewing its earlier decision to scrap the bonded warehousing system.The system allows importers to keep their goods in special warehouses for up to two years and only pay the appropriate duties when they are ready to clear them.Businesses affected by the decision which was announced in the 2011 budget have been protesting arguing that it could affect the country’s ability to meet its food needs, especially rice as it limits their ability to import.Vice President John Mahama was subsequently petitioned by the Food and Beverages Association on the matter and his aide John Jinapor told Joy Business the Finance Ministry is expected to call a meeting on the matter very soon.He said the government prepared to review its budget proposal to give businesses “a breathing space so they can have some time within which to do their business.”Source: Joy News/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
-
2026 World Cup: Ghana lose to Croatia to finish third in Group L
1 hour -
Clarke steps down as Scotland boss after World Cup exit
1 hour -
Heatwave breaks records in Germany, Denmark and Czech Republic
2 hours -
Burkina Faso severs diplomatic ties with France
3 hours -
Zipline medical drone delivery: Ghana operations decline as Nigeria expands to reach 100m people
3 hours -
Israel strikes southern Lebanon as Hezbollah condemns new deal
3 hours -
Government, Zoomlion reopen Achimota Transfer Station to tackle post-flood waste crisis
4 hours -
Ghana and Ukraine: Defence rapprochement raises questions about transparency and mandate
5 hours -
PURC donates computers to UCC Institute for Oil and Gas Studies, assures university over electricity billing dispute
6 hours -
MSDA commissions 50,000-litre automated water project for Saltpond Municipal Hospital
6 hours -
Gov’t committed to protecting pension funds for Ghanaian workers – Vice President
6 hours -
Mastercard Foundation charges AIMS Ghana Class of 2026 to drive innovation, leadership and employment across Africa
6 hours -
Black Stars go again tonight
6 hours -
‘AIMS rewrites the equations of your life’ — Alumna Dr Perpetual Andam Boiquaye challenges graduates to pursue bold ambitions
7 hours -
Princess Marie Louise Children’s Hospital marks 100 years with call for greater investment in child healthcare
7 hours