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Member of Parliament for Bolgatanga Central, Isaac Adongo, has said that the New Patriotic Party (NPP) Government’s claim to have slashed the cost import duties at Ghana’s Ports is the undoing of the Administration.
According to him, the move is a populist one that will haunt the Government which is already struggling to raise domestic revenue.
“As I listened to the Vice President yesterday with the importers jubilating after the announcement just like the first budget that was brought to parliament when they won power, I said to myself this is the second deceit that will hang the NPP forever,” Hon. Isaac Adongo said.
He said the new policy, as announced by Vice President Mahamudu Bawumia at the government’s Town Hall meeting on Wednesday, is reminiscent of the first budget introduced by the NPP government when they won power after the 2016 polls.
Delivering a counter speech in Accra on Thursday, the Bolgatanga Central MP said he was surprised when the announcement of cuts in import duties was announced by the Vice President.
Vice President Bawumia had on Wednesday, had announced at a Town Hall meeting addressed by the Economic Management Team of the Akufo-Addo administration that it was slashing port duty charges by 50%.
Justifying his position, Dr. Bawumia said available data shows that traffic at the Lome habour has increased by some 300% percent between 2013 and 2018 while Ghana saw just a little over 4% increment within the same period.
“To reduce the incidence of smuggling, the benchmark volume of imports will be reduced by 50%. However for vehicles the reduction will be 30%. This will be effective from tomorrow. We are doing this because we expect that we will see higher volumes coming into Ghana and the we get higher revenue,” he said.
The announcement had invoked a spontaneous explosion of joy among importers, especially those from the Ghana Union of Traders Association (GUTA) who had been in attendance.
However, Hon. Isaac Adongo warns that the move is a populist one that will come back to haunt Government.
Source: Whatsupnews Ghana