• About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV
Friday, February 3, 2023
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos
No Result
View All Result
Citinewsroom - Comprehensive News in Ghana
No Result
View All Result

Freight forwarders kick against retrospective application of benchmark value reversal

Jonas NyaborbyJonas Nyabor
January 4, 2022
Reading Time: 2 mins read
ShareShareShareShare

Some freight forwarders are protesting over attempts by the government to retrospectively apply the restored benchmark value in the computation of duties at the ports.

The government’s reversal of the 50% slash on duty on some imported goods and 30% reduction on cars is expected to take effect today, Tuesday, [January 4, 2022].

But some of the freight forwarders who managed to process their items before January 1, 2022, say they have been instructed to restart the process for the new benchmark value to be applied.

The Deputy Secretary of the Tema chapter of the Ghana Institute of Freight Forwarders, Romeo Frimpong, told Citi News that the directive is unfair, and they must be allowed to complete the process based on the old values.

“This is a system you are updating today, and it shouldn’t affect the old ones that we have already put in the system because those declarations have been worked on by Customs. If you knew that you were not going to accept it, you shouldn’t have worked on it. We have accepted it and now that we are going to pay, you are not allowing us to pay.”

Importers in the Ashanti Region are opposed to the policy reversal. They say it will adversely impact their operations.

“The system is very hard so if they are going to remove that subsidy, then it means we are going to pay more and that portion would have to be added to the cost of the goods which is going to make it very expensive for us,” one of the importers said in a Citi News interview.

“We (importers) face a lot of problems at the ports because now the dollar is up, and the duty is also up. So we want the government to scrap that policy because there are a lot of nuisance taxes on our bills. More than 15 taxes, and if it is not looked at, many of us will be forced to stop importing,” another importer also said.

The implementation of the reversal of the 50 percent benchmark value on imports takes effect from today, Tuesday, January 4, 2022.

This was announced in a press statement issued by the Ghana Revenue Authority, (GRA) on Sunday, January 2, 2022.

The reversal will affect 43 items under three categories prescribed by the GRA.

Some items include rice, poultry, sugar, palm oil, toilet paper, mosquito coils, machetes, and vehicles.

ShareTweetSendSend
Previous Post

Citi Breakfast Show, Tuesday 4th January 2021

Next Post

La: Concerned youth accuse traditional council, gov’t officials of selling lands

Related Posts

News

GAF’s use of force in Bawku unfortunate; likely to escalate conflict – Security analyst

February 3, 2023
News

10 persons arrested for engaging in galamsey in Atewa Forest Reserve

February 3, 2023
Business

MultiChoice appeals to customers to accept new Dstv charges

February 3, 2023
Politics

NPP’s second meeting over date for primaries ends inconclusively again

February 3, 2023
Education

Adutwum to be dragged before Parliament over SHS placement scandal

February 3, 2023
Top Stories

Govt rubbishes calls for parliamentary scrutiny of gold for oil deal

February 3, 2023
Next Post

La: Concerned youth accuse traditional council, gov’t officials of selling lands

TOP STORIES

GAF’s use of force in Bawku unfortunate; likely to escalate conflict – Security analyst

February 3, 2023

10 persons arrested for engaging in galamsey in Atewa Forest Reserve

February 3, 2023

Rev. Kusi Boateng secures 10-day restraining order against Ablakwa

February 3, 2023
Load More
ADVERTISEMENT
Citinewsroom – Comprehensive News in Ghana

CitiNewsroom.com is Ghana's leading news website that delivers high quality innovative, alternative news that challenges the status quo.

Archives

Download App

Download

Download

  • About Us
  • Contact Us
  • Photo Gallery
  • Privacy Policy
  • Terms of Use
  • Citi TV

© 2021 All Rights Reserved Citi Newsroom.

No Result
View All Result
  • Home
  • News
  • Business
  • Sports
  • Showbiz
  • Coronavirus
  • Infographics
  • Livestream
  • Videos

© 2021 All Rights Reserved Citi Newsroom.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT