Warehousing and Tax exemptions abuse must be addressed-Importers

The Importers and Exporters Association of Ghana on Thursday called on the government to block loopholes in the Warehousing and Tax exemptions regime as it drains the nation of needed funds for development.

Mr Samson Asaki Awingobit, Executive Secretary of the Importers and Exporters Association of Ghana told the Ghana News Agency in Tema, that the association would support the government to block the loopholes but would resist attempts to remove 50 per cent benchmark value reduction on selected items.

He noted that the 50 per cent benchmark value reduction on essential commodities such as frozen chicken, edible oil, rice, among others, which the country lacked local capacity to produce would result in an artificial shortage of such commodities.

Source Businessghana

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