
Audio By Carbonatix
Some importers of used cars are calling for government to impose higher taxes older imported cars.The import tax-rate for slightly used cars is currently higher than that of cars used for longer periods. The importers say this only encourages importation of older cars than relatively new ones.Chief Executive of Erata Motors, Eddie Kusi Ankomah tells Joy Business a change in the current import duty regime for the used-car market will give consumers of second hand vehicles value for their money whilst reducing the number of old vehicles on the roads.“If I’m bringing in a car that is lets say 9 year old the government would depreciate it by 50 percent. But you pay full duty for the same car model that is not that old. So there’s something wrong somewhere. We should rather encourage new cars paying lesser duties. For instance, Up to 5 years should pay less and beyond that you pay more. If they do that, every Ghanaian would get a well-conditioned car at reasonable and affordable prices” he noted.
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
-
WhatsApp to be led by Indian start-up founder as Will Cathcart steps back
20 minutes -
Clive Davis, music mogul behind Whitney Houston and Bruce Springsteen, dies aged 94
30 minutes -
Red heat alerts issued in France, Italy and Spain as 40C temperatures forecast
38 minutes -
Police arrest Israel Kwadwo Akofena Safo and 2 others over Adwoa Safo shooting incident
46 minutes -
At least 13 killed and dozens injured after Qatar gas explosion
49 minutes -
Partey declares readiness for England showdown as Black Stars eye group lead
50 minutes -
Rain turns Accra-Kasoa road into daily nightmare
1 hour -
NPP relaxes nomination form collection rules amid payment platform delays
2 hours -
IFRIG leads regulators, Ghanaian banks on non-interest banking and finance training in Malaysia
2 hours -
Ashanti Health Directorate fights Neglected Tropical Diseases with distribution of free medications
2 hours -
Kenya minister found in contempt of court over US-backed Ebola centre
2 hours -
Four arrested over murder of couple in Zebilla District
2 hours -
EasyJet says US bidder trying to buy it ‘on the cheap’ as it rejects £4.7bn offer
3 hours -
Telecel Ashanti codes programme: First cohort of 25 pupils graduate in Obuasi
3 hours -
Electricity tariffs increases by 3.49%, water by 0.85% effective July 1
3 hours