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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Encourage China to support Ghana’s debt restructuring – Akufo-Addo to Germany

    Government to securitize $3.3bn in Central Bank loans

    Ghana withdraws $672m back-tax demand from MTN Group

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    Deadline for debt exchange program moved to February 7 with new terms

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    Gold-for-oil: Govt spent $40m on first consignment – NPA

    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

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    MTN to fight $773m tax bill from government

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    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

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    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Spare parts dealers jab government

bycitibusinessnews
August 14, 2014
in Business, Local Economy
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The Abossey-Okai spare parts dealers association has lashed out at government for failing to stop port officials from charging fees in dollars at the container terminals.

This comes after the outgoing minister of trade and industry Haruna Iddrissu assured importers that effective July 2, government will stop dollar indexing at the ports.

The move was to satisfy demands by the Ghana Union of Traders Association (GUTA) after their members in Accra and Kumasi closed down their shops on the 23rd of June this year because of government’s failure to drive out foreigners in retail trade among others.

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According to GUTA the charges in dollars is a clear violation of the Bank of Ghana’s Forex rules.

Speaking to Citi Business News, Chairman of the spare parts dealers, Siaw Ampadu said “Since we met him (Haruna Iddrissu) at GUTA head office and he made that statement, up till now nothing has happened, I can say it is political talk. Nothing good is coming out of it”.

According to him when they met with the parliamentary select committee on trade and other agencies, they were told nothing could be done about the charges.

Mr Ampadu stated that “they told us point blank that they cannot do anything about it and that is the problem that we are having”.

“If these politicians want us to believe them they should set the records right (straight). Don’t come and meet us and say something you cannot do “, he fumed.

 

By:  Rabiu Alhassan/citifmonline.com/Ghana

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