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Importers and Exporters association to demonstrate over CET
The demonstration will take place in Tema tomorrow Feb 25.
The executive director of the Association, Samson Awingobite told Pulse.com.gh that Joint Private Sector Business Consultative Forum which include; The Ghana Union of Traders’ Association (GUTA), Food and Beverages Importers Association, Ghana Automobile Distributors Association (GADA), Importers and Exporters Association of Ghana, Ghana Institute of Freight Forwarders (GIFF), Freight Forwarders Association and the Customs Brokers Association of Ghana have also resolved to strike on Monday 29 February.
The demonstration dabbed "We yo krum", Awingobite said, will take place in Tema at the time the president will be addressing parliament on the state of the nation.
According to him, whereas the CET imposed 10% tariff on imported rice, the government is charging 25%. In addition, he said the association pays other other taxes which is about 23%. Meaning, he added, we now have to pay import duty as high as 53%.
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"Already, we are paying other charges at the Tema port," he said.
Awingobite also decried the 20% tariffs on bicycles. He said "bicycle is the least any farmer can buy. increasing it by 20% means they will have to buy it now around 300-500 cedis which it should be so."
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The CET is one of the instruments of harmonising ECOWAS Member States and strengthening its Common Market.
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The law is composed of four tariff rates of custom duty, namely 0 % for Essential Social Goods, 5% for Goods of Primary Necessity, Raw Materials and Specific Inputs, 10% for Intermediate Goods and 20% for Final Consumption Goods.
The law came into effect following the passage of the Customs (Amendment) Act, 2015 (Act 905), by the Ghana Revenue Authority.
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