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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

  • TECHNOLOGY

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

    Citi Business Festival: Acquiring digital skills key to securing employment – Maximus Ametorgoh

    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Vehicle & Asset Dealers Union demands review of Customs Amendment Act to save jobs

byEbenezer Afanyi Dadzie
July 16, 2020
in Business, Top Stories
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The Vehicle and Asset Dealers Union of Ghana (VADUG), has asked government to review the Customs (Amendment) Act, 2020, Act 1014, ahead of its implementation in October this year.

The Act, passed on March this year, bans the importation of second hand cars of more than ten years old, as well as salvage cars, locally referred to as ‘accident cars.

It will also lead to an increase in duties charged on specific vehicles and spare parts.

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Addressing journalists on Thursday, July 16, 2020, the Executive Secretary of the Union, Joshua Opoku Agyemang, said the implementation of the Act without a second look will cause job losses for car dealers.

“The introduced Certificate of Conformance in section 61 of the Act, is ultimately schemed to discourage importation of vehicles that VADUG and other home-used car importers across the country deal in. So, as the current passed Customs Act, Section 151 stands with importation and sale of vehicles banned under the blanket term salvage, what work will home-used vehicle dealers do since we don’t import titled vehicles? And what would be the use for imported new and home used spare parts together with their stakeholders? What will be the job security or other value or employee chain like sprayers, straighteners, key programmers, auto electricians, auto air condition technicians, mechanics, etc. in Suame Magazine, Abossey Okine and Kokompe?”he quizzed.

They are the second group to protest against the Act after the Automobile Dealers Union of Ghana, which has threatened a demonstration against government.

Government launched the Ghana Automotive Development Policy, GAMDP, in August 2019 to promote the manufacture of automobiles for both the domestic market and the West African sub-region.

This is part of government’s transformational agenda to identify Vehicle Assembly and Automotive Components Manufacturing as a strategic anchor industry that will promote economic development in the country and provide incentives for auto manufacturers.

Some known car brands have already set up Assembly plants in Ghana,  and have started manufacturing to meet local demand.

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