Import duty killing local businesses – GUTA

The Ghana Union of Traders Association (GUTA) is pushing government to review the country’s import duty.

According to the association, the woes of local businesses has increased due to the high cost of import duty.

GUTA warns that cost of goods on the market will increase further if nothing is done about the situation.

The concern follows comment from President Akufo-Addo during the media encounter last year about talks to scrap import duties or slash it significantly to boost port operations.

National Organizer for GUTA, Clement Boateng speaking on Morning Starr about the need for reduction said it will help boost local businesses.

“Businessmen in the country have been complaining about high import duties but currently that is one of the ways government can also make revenue…but we are very prepared to engage government.

“We think that import duties are killing the business community in Ghana.”

But CEO of the Institute of Certified Economist Ghana, Gideon Amissah says GUTA’s demands are likely not to be met because of current ambitious projects of government.

credit: starrfmonline.com

Publish on Apt

Do you have any Social, informational, educational or entertaining stuff that should be featured on www.aptnewsghana.com?

Please submit your stories, pictures, and videos to us via WhatsApp: +233548388489 or click on the icon on your screen. Alternatively, email us: aptnewsghana@gmail.com

RSS APO Group – Africa-Newsroom: latest news releases related to Africa

About Editor 605 Articles
Joe Bright Nyarko Journalist/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.