Import Duties

12 Apr

High Labour Costs And Import Duties Affecting Local Rice Production

wontumionlineBusinessHigh labour costs, Import Duties, local rice

High labour costs and huge import duties on inputs and machinery remain major challenges faced by rice producers in the country. There is high demand for the domestically produced rice but due to the afore-mention challenges, they are unable to produce in large quantities to meet demand. Consequently, producers of the grain have appealed to the government to help create a conducive environment that will make production and processing easier, which they believe will, in return, increase production to meet the rising demand. According to them, if the government can reduce taxes on imported inputs, such fertiliser and machinery, along…

04 Oct

Import Duties Will Continue To Drive Inflation If Not Checked – Importers And Exporters Association

wontumionlineBusinessImport Duties

The Importers and Exporters Association of Ghana says prices of goods will continue to increase uncontrollably should government fail to reduce import duties at the ports The association has revealed that there have been huge differences in import duties and taxes at the port in the past days due to some differences in the exchange rate pegged by the Customs Division of the Ghana Revenue Authority. They further revealed that as of Tuesday the 27th of September 2022, an exchange rate of 8 cedis, 3 pesewas has been pegged at 9cedis, 5 pesewas which is due for adjustment on Monday…