Spare Parts dealers are optimistic the implementation of the abolished duties on imported spare parts will start by first week of June.
According to the spare parts dealers, government disclosed to them in a meeting two weeks ago that procedures to implement the directive will be completed by end of May.
The Finance Minister, Ken Ofori-Atta during the 2017 Budget presentation announced that government has scrapped import levies on imported spare parts.
The dealers were thrown into a fix when it emerged that they may not enjoy any tax cuts soon due to the rules and regulations regarding the ECOWAS common external tariff.
But speaking to Citi Business News, the Public Relations Officer of the Abbossey Okai Spare Parts Dealers Association, Clement Boateng, said the ECOWAS CET will not be a barrier for the tax cuts.
“When we went there we just presented our final list. Then they made us understand that they are going to send it to ECOWAS parliament because of the ECOWAS common external CET. As for the CET, it’s just a formality, because Ghana is a sovereign country they can decide not to send it there but because of the CET they have to so when they bring it to Ghana’s parliament for its ratification, then the implementation will start,” he said.
By: Jessica Ayorkor Aryee/citibusinessnews.com/Ghana.