
Audio By Carbonatix
Hundreds of Importers and Exporters are set to hit the streets to demonstrate against high levies at the ports.
Executive secretary of the Importers & Exporters Association, Samson Asaki told Joynews appeals to government over time have fallen on deaf ears hence this morning’s protest.
"All importers be it Kumasi, Sunyani even those in Europe are complaining. they go through a lot of hectic processes. The taxes are too much. Coupled with the Bank of Ghana measures, we can no longer do internal transfers of [foreign currencies]".
The Bank of Ghana announced some measures last February to help halt the free fall in the cedi's value. It directed that all transactions in the country should be conducted in Ghana cedis.
It also stated that cash withdrawals over the counter from foreign accounts shall not exceed US$10,000 or its equivalent in convertible foreign currency.
The Association insists the costly levies coupled with the depreciation of the cedi and the general challenges with the economy may force them out of business.
Latest Stories
-
Ecobank joins The Build Project as official financing partner
25 minutes -
An open letter to the President: The excavators are back…
34 minutes -
When the flood receives your home address
56 minutes -
Oil prices gain as focus shifts to supply recovery and demand
4 hours -
Israeli police officer filmed throwing stun grenade into car in West Bank
4 hours -
Charlie Kirk’s family attends hearing for suspect charged with his murder
4 hours -
Frenchman convicted of 2020 murder of wife confesses from jail
4 hours -
Prince Harry begins his UK visit with court verdict
4 hours -
AI chip boom lifts Samsung profits by 1,800%
5 hours -
India orders Meta to remove ads promoting child sexual abuse
5 hours -
Amazon bars breastfeeding boss from business course
5 hours -
Brentford set to sign Wilson after West Ham exit
5 hours -
Neymar says Brazil career over after Norway defeat
5 hours -
PM Keir Starmer intervened in row over Mexico-England kick-off time
5 hours -
Tottenham seal £100m move for Newcastle’s Tonali
6 hours