Business

The Importers and Exporters Association of Ghana has expressed its disappointment over what it described as government’s lack of engagement with stakeholders following the suspension of the 50% benchmark value reduction policy. The government on the 13th of January directed the Ghana Revenue Authority to suspend the implementation of the reversal of the benchmark value discounts until further notice. The benchmark value, which is the amount taxable on imports, was reduced by 50 percent for some goods. The import value for cars was also reduced by 30 percent. But as the government pushed its industrialisation drive, critics, like the Association…