By Franklin ASARE-DONKOH
The Ghana Union of Traders Associations (GUTA), Food and Beverages Association of Ghana (FABAG), Importers and Exporters Association of Ghana (IEAG), Ghana Institute of Freight Forwarders (GIFF), Chamber of Automobile Dealership Ghana (CADEG), and Ghana National Chamber of Commerce and Industry (GNCCI), dubbed the Joint Business Consultative Forum, have petitioned the Parliament of Ghana over a proposed Import Restrictions Bill which is to laid before the House by the Trade and Industry Minister.
The group’s petition to Parliament is to urge members of the House to reject the Import Restrictions Bill proposed by the government through the Ministry of Trade and Industry which they claimed is inimical to their businesses.
The Joint Business Consultative Forum, argues that the bill if enacted, would have detrimental effects on their businesses.
The petition, dated Sunday, November 26, 2023, outlined concerns that when the legislation is passed, it could negatively impact the prices of goods, disrupt the free flow of goods, and potentially harm businesses.
“We vehemently oppose this L.I. and would appreciate its immediate rejection by Parliament to allow for proper consultations and dialogue.
We strongly oppose this L.I. on the following grounds: The price of most products mentioned in the Ministry of Trade and Industry policy proposal will result in serious price hikes, as competition will be severely restricted,” It said.
They added, “The Minister is the ultimate decision maker on which companies end up trading in each of these items. This will eventually lead to a monopolistic or oligopolistic position for a few select businesses in the country at the expense of many smaller businesses.”
Meanwhile, the Legislative Instrument (LI), which seeks to restrict the importation of some selected strategic products such as rice, poultry, and sugar, has been opposed by the Minority for the second time when the Minister attempted to lay it before the House.
Attached is the petition
