An Economist at the Office of the Senior Minister, Thomas Kissi Boafo, says the fifty percent benchmark value reduction of import duties is a step in the right direction to ensure conveniency and uniformity for goods.
Mr. Boafo intimated that the reduction does not impair parliamentary operations.
Government said effective April 4, there will be a reduction in import duty at all of the country’s ports.
Vice President Dr. Mahamudu Bawumia, who disclosed this at the Economic Management Team (EMT) town hall meeting Wednesday said imports duty will be reduced by 50 per cent while importers of vehicles will enjoy a 30 per cent reduction.
It would be recalled during a recent visit to Worchester, Massachusetts, President Akufo-Addo told a crowd at a Town Hall meeting that he plans to reform Ghana’s imports duty regime with the intent to alleviate high taxes at the country’s ports.
