Importers in Ghana have welcomed the abolishment of the 1% special import levy charged at the ports.
The Finance Minister, Ken Ofori-Atta announced this among other tax cuts in the budget presentation before parliament earlier today in parliament.
The special levy which was introduced last year by the previous government has received huge backlash from importers, describing it as a nuisance tax.
Speaking to Citi Business News after the announcement, a Member of the Technical Committee for the Ghana Institute of Freight Forwarders Johnny Mantey described the news as a great relief to importers.
“We are very excited and satisfied about the abolishment of the special import levy. It is something that we have been looking forward to. That was definitely a nuisance tax which was burdening the importers so this is indeed very welcoming news,” he said.
He added that the abolishment will provide an opportunity for importers to channel their resource into expanding their works.
“Government has shown us that it is not just talk, but they walk their talk.“This is the way beyond our expectation.” he stressed.
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(Via: CitiFM Online Ghana)
