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Tax Stamp Policy Importers threaten to unleash hardship on Ghanaians

Speaking to Pulse Business, Executive Director of the Importers and Exporters Association of Ghana, Samson Asaki Awingobite said the implementation of the tax stamp system will complicate the already cumbersome process of clearing goods at the market as well as increase the cost of clearing.

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The Ghana Importers and Exporters Association has threatened to increase the prices of imported goods and beverages if government does not rescind its decision to implement the tax stamp policy in the manner it intends to.

Speaking to Pulse Business, Executive Director of the Importers and Exporters Association of Ghana, Samson Asaki Awingobite said the implementation of the tax stamp system will complicate the already cumbersome process of clearing goods at the ports as well as increase the cost of clearing.

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" Certainly, I can say that we will have to increase the cost of our goods if the tax stamp policy is implemented. This is because, we will have to further transport our goods from the port to a different location for the tax stamps to be put on them. You can imagine if we have to leave the goods there for some time for the stamps to be placed, we will have to pay for them to be packed and further transported to their destination. This comes at an extra cost and extra inconvinience to the importers."

The Executive Director then mentioned an alternative to the process government intends to adopt in rolling out the policy.

" We have asked government to give the stamps to the importers after they  have paid all the necessary taxes at the port. The importers will then do the stamping at their own convinience." he said.

He was particulary displeased that government had already contracted a company to do the stamping without consulting the key stakeholders.

The Ghana Revenue Authority is rolling out the tax system to check the invasion of taxes at the port, and prompt consumers as to whether or not the goods they are patronizing have duely meet the tax obligations.

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