The National Democratic Congress (NDC) has described the reversal of the benchmark value discounts on imported goods by the government which took effect on, January 4th, 2022 as unfortunate.
The NDC further asserted that this decision of the government will add up to the hardship of the ordinary Ghanaian as prices of goods and services are set to increase from 30% to 50% insisting this has the tendency of crippling businesses and industries.
The benchmark value discounts on imported goods, which is the amount taxable on imports, was introduced by the current government to cut import value for cars by 30 percent and reduce 50 percent for general goods such as drugs, drinks, cement among others.
The NDC made these revelations when its National Communication Officer, Sammy Gyamfi addressed the media on Wednesday.
He described this decision by the government as draconian adding that this is not the right time to introduce such policy due to the economic hardships the government has subjected Ghanaians to.
“The callous issue by the government to revenge the benchmark value discounts comes at a time Ghanaians businesses, start-up, parents and households are ruling under a yoke of excessive taxation, persistent increases in fuel prices and high cost of living, never before witnessed in the annals of this country.” He said
According to him, the reversal will send the country back to the era when the benchmark value was not introduced and duties paid for imported goods and products were high.
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Source: Eric Sekyi/ ATLFMNEWS
