Tag: Import levy
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GUTA demands abolishment of import levy
The Ghana Union of Traders Association (GUTA) is making fresh appeals to get the 2 percent special levy scrapped. GUTA argues that the continuous imposition of the charge adds unto the costs of its members and increased their retail prices. The concerns by the traders’ union come at a time that government is collating inputs…
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Scrapped 1% special import levy takes full force
Effective Friday (March 31, 2017), importers of products affected by the 1 percent special import levy will no longer pay any of such charges. It comes on the back of the implementation of the tax cuts announced in the 2017 budget. A statement from the Ghana Revenue Authority (GRA) therefore directed the various customs and…
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Spare parts dealers to reduce prices over tax cuts (Video)
Consumers of spare parts should expect reduction in prices of goods within the coming months. The reduction has been necessitated by the abolishing of the levy on imported spare parts. Presenting the first budget by the NPP government in Parliament on Thursday, Finance Minister, Ken Ofori-Atta announced that importers will no more be paying…
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Be measured in expectations of new gov’t – Nana Otuo Acheampong
Businesses may have to be moderate in their expectations of the new government in addressing their concerns immediately. This is the suggestion from Banking Consultant, Nana Otuo Acheampong. His advice comes on the back of renewed calls by various business associations on their expectations following the inauguration of President Nana Akufo-Addo. The calls have largely…