Home Politics Import duties will be reduced by 50% from tomorrow -Vice President

Import duties will be reduced by 50% from tomorrow -Vice President

- Advertisement -

The Vice President of the Republic of Ghana, Dr Mahamudu Bawumia has disclosed that import duties will be reduced by 50%.

According to the Vice President, the reduction will take effect from tomorrow Thursday, 4th April 2019.

ALSO READ: Shatta Wale congratulates the BHIM President on his awards 

Dr Mahamudu Bawumia

The Vice President made this declaration at the Maiden Economic Management Team Town hall meeting in Accra to address the country’s economic challenges.

He also disclosed that duties for vehicles will be reduced by 30%.

“To reduce the incidence of smuggling and enhance revenue, the benchmark delivery value of imports will be reduced by 50 per cent”, the Vice President disclosed.

ALSO READ: Social media users criticize Maame Serwaa’s latest photo

Well, the President of Ghana, Nana Addo Danquah Akufo Addo disclosed at a town hall meeting on March 30th 2019 at Worcester, Massachusetts in the United States of America that his outfit is putting measures in place to reduce duties at the ports.

This comes after importers complained bitterly about high import duties at the port and how it is collapsing businesses in the country.

The President promised to put measures in place to curb the situation. He stated; “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 the government will roll out will become known to all of you. I am not talking next year, or in 6 months’ time, I am talking very, very soon”.

Get Ghana Latest News in your inbox each morning.


Please enter your comment!
Please enter your name here


Wednesday, January 22, 2020
scattered clouds
28 ° C
28 °
28 °
83 %
37 %
28 °
28 °
27 °
27 °
27 °

Most Read

I doubt if Ifeanyi is truly my biological son – Davido

Nigerian musician Davido is currently in a confused state after some secrets of his baby mama got revealed on social media earlier...

Rumors of Pimping; Nana Aba finally replies Ken Agyapong & Afia Schwar

Finally, Nana Aba Anamoah the veteran media personality has reacted to the allegations of pimping leveled against her by two most controversial...

Tracey Boakye allegedly dating Obrempong, the actor turned Pimp for Slay Queens

There is a new gossip fast going viral on social media concerning sensational Ghanaian actress, Tracey Boakye, and Obrempong.

Fire guts 37 Military hospital, some patients in critical condition

Information reaching Ghpage.com has it that the Officers' Mess at 37 Military hospital is currently on fire. The fire...