The house passed the bill despite opposition from the minority who argued that it flouts the country’s constitution.
The Finance Minister, Ken Ofori Atta in the 2017 Budget announced the removal and reduction of some taxes, including duties on spare parts to help reduce cost of doing business in the country.
According to the government, importers and consumers of used and new spare parts would soon start benefiting from the removal.
However, the former Chair of Parliament’s Finance Committee James Avedzi has challenged this claim, insisting the cuts would not be passed onto consumers.
The deputy minority leader James Avedzi speaking to Joseph Opoku Gakpo said, “…if the importer goes the ports and pays less, what’s the guarantee that importer would translate that reduction to the final price so that you and I who go to the market…yesterday, I said it on the floor and they said there is no mechanism to monitor, they said the market is active, the market will react to itself.”
He said, “The government must ensure that, as the importers are not paying the duties, it reduces the price of the spare parts.”
Latest Stories
-
KNUST signs MOU with Valco Trust Fund, Bekwai Municipal Hospital to build student hostel
5 mins -
The influence Ronaldo has on people, Cadman Yamoah will have same on the next generation – Coach Goodwin
50 mins -
Gender Advocate Emelia Naa Ayeley Aryee Wins prestigious Merck Foundation Awards
2 hours -
South Africa bursary scandal suspects granted bail
2 hours -
Ecobank successfully repays $500m Eurobond due April 18
2 hours -
Re: Doe Adjaho, Torgbui Samlafo IV, call for Unity among Paramountcies in Anlo
2 hours -
Extortion and kidnap – a deadly journey across Mexico into the US
2 hours -
Rihanna says fashion has helped her personal ‘rediscovery’ after having children
3 hours -
Development Bank Ghana targets GH¢1bn funding for commercial banks in 2024
3 hours -
Shatta Movement apologises to Ghana Society of the Physically Disabled after backlash
4 hours -
Sammy Gyamfi writes: Tema-Mpakadan Railway Project; A railway line to nowhere
4 hours -
Bright Simons: Is the World Bank saving or harming Ghana?
4 hours -
CAF Cup: RS Berkane banned from entering Algeria because of a map of Morocco with its Sahara
5 hours -
The media isn’t doing what is expected of journalism – Sulemana Braimah
5 hours -
Truck driver who caused train accident jailed 6 months
5 hours