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
-
Beyond the Party T-Shirt
18 minutes -
IGP promotes five police officers over Kwafokrom GOIL robbery arrest
24 minutes -
Tragedy at Senchi: Two crushed to death as tipper truck somersaults near market
40 minutes -
Government to unveil “The New Economy” Programme in 2027 Budget
51 minutes -
GIZ, Zoomlion and Blue Skies launch InnoWaste Project to create jobs and tackle plastic waste in Ghana
1 hour -
‘The emotional journey is difficult, but you don’t stop’ – Antoine Semenyo’s mother on diaspora struggle
1 hour -
‘Football in Ghana is about blood and legacy’ – Antoine Semenyo’s mother urges diaspora parents
1 hour -
QNET, Manchester City bring world-class football coaching to Ghana’s young talent
1 hour -
Emma Ankrah: Between quiet questions and the will to continue
1 hour -
Ghana’s economy shows strong recovery after “inherited crisis” – Ato Forson tells Parliament
1 hour -
No further IMF financial bailout will be required in the foreseeable future – Finance Minister
1 hour -
Learning from Ukraine, Hezbollah is now using fibre-optic drones to hit Israel
2 hours -
Teenager arrested at Senya Beraku for alleged defilement of 15-year-old girl
2 hours -
Ghana has moved from IMF ‘supplicant’ to partner – Ato Forson declares as economy surges past $100 Billion
2 hours -
“Ghana has moved from ICU to wellness center” — Finance Minister declares economic recovery
2 hours