President Nana Addo
Dankwa Akufo-Addo has announced plans by the government to reform the country’s
import regime to reduce the high duties at the ports.
“We have realised from
the studies we have done that our ports are not competitive, and the import
regime in our country is far too high”.
“We are dealing
with it, and, very soon, the measures that government will roll out will become
known to all of you. I am not talking next year, or in six months’ time, I am
talking very, very soon,” he said.
said this when he addressed a town hall meeting of Ghanaians resident in
Worcester, Massachusetts, in the United States of America on Saturday.
Some trade unions,
including the Ghana Union of Traders Associations (GUTA), have petitioned the
government to review the high taxes and duties on imported items.
introduction of the paperless port system has, according to the Minister for
Finance, Ken Ofori-Atta, reduced the cost of doing business at the ports.
parliament to answer a question posed by MP for Adaklu constituency, Mr Kwame
Agbodza, on whether or not the introduction of the paperless port has increased
cost of doing business at the ports, the Minister indicated that the initiative
has rather decreased the cost of doing business.
“The results (of the
Paperless Port system) showed that the cost components of doing business at the
country’s ports have reduced from seven to three cost components. This has,
subsequently, reduced the total costs from GH¢1,280 to GH¢320,” Ken Ofori-Atta
He continued, “This means that the paperless system reduced cost of doing business at the ports by GH¢960 representing 75 per cent savings. Hence, importers are now making savings of 75 per cent as a result of the implementation of the paperless system.”
BY TIMES REPORTER
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