Importers hint on increasing prices of goods

pulse-ghana admin

June 15, 2017 1:46 PM

Ghanaian importers say consumers would have to bear costs of AU tax if they are implemented

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Ghanaian importers have threatened to increase the prices of goods on the back of government's plans to implement a 0.2% import tax to fund the AU.

Addressing the issue, Samson Awingobit Asaki, Executive Secretary of the Importers and Exporters Association explained that the tax would add to the already high cost of operation importation.

He added that the increment would force them to increase the price of goods for consumers to bear the cost.

The president announced that parliament had accepted that a 0.2 percent import tax be put on import to fund the AU.

The new tax which would be on all imports outside of the AU would make that there was enough funds in its coffers so as to avoid borrowing for other nations.

However importers of goods outside the continent are displeased. Some say the tax is just a ruse to replace the tax that were removed earlier this year.

Mr. Asaki explained that the effects of the tax would basically be borne by every importer as almost of them import their goods from outside the AU.

He expressed his support of government's plans towards funding the activities of the AU but suggested that other sectors be taxed instead.

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