Government has reduced the benchmark values on general goods from 50% to 30% as well as import discounts on vehicles from 30% to 10%.
The reduction follows a consensus between Finance Minister, Ken Ofori-Atta, and the leadership of the Ghana Union of Traders Association (GUTA), Association of Ghana Industries (AGI), Institute of Freight Forwarders and the Ghana Revenue Authority.
We gathered from the consultative meeting that the government may implement the new adjustments in March 2022 as preparations are underway for a final announcement of the said day.
“Traders are very happy that the government listened to our concerns. In the end, the business community – both GUTA and the AGI – has been compensated and the consuming public not surcharged,”
Mr Benjamin Yeboah national welfare officer of GUTA in an interview with Bohyeba Afriyie on plan B FM’s ebaanosen said that they are for the betterment of the Country hence the agreement to the new bench Mark value
He disclosed that they have come to a realization that the Government needs revenue so they have to also sacrifice to help build the nation.
He also said that the fact alone the Government considered their grievances and decided to do something to benefit both parties is a good one.
He concluded that AGI must restructure other aspect of their business because reduction of the bench mark value alone does not determine their success.
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