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Scrapping of import duties on spare parts to begin in June - Dealers

According to the Spare Parts dealers the processes leading to implementation of this directive will be completed by end of May 2017.

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The dealers explained that this development was revealed by the government when they held a meeting with them some weeks ago.

According to them the processes leading to implementation of this directive will be completed by end of May 2017.

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In the first budget of the NPP administration, the Minister of Finance Ken Ofori-Atta announced the scrapping of import levies on imported spare parts.

This announcement was welcomed by the spare parts dealers.

However, the joy of the dealers were short-lived when it was revealed that they may not enjoy any tax cuts soon due to the rules and regulations regarding the ECOWAS common external tariff.

However, in an interview with Accra-based Citi FM, the Public Relations Officer of the Abbossey Okai Spare Parts Dealers Association, Clement Boateng, said the ECOWAS CET will not hinder the intended tax cuts.

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“When we went there we just presented our final list. Then they made us understand that they are going to send it to ECOWAS parliament because of the ECOWAS common external CET. As for the CET, it’s just a formality, because Ghana is a sovereign country they can decide not to send it there but because of the CET they have to so when they bring it to Ghana’s parliament for its ratification, then the implementation will start.”

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