The government of Ghana has opted to temporarily shelve the implementation of the Export and Import Regulations 2023 Bill, a move met with significant opposition.
The legislative instrument, targeting the restriction of 22 strategically chosen goods, ranging from rice to animal organs, poultry, oils, margarine, and fruit juices, faced criticism from the Minority Caucus in Parliament and key players within the trade industry.
The decision to suspend the bill’s introduction follows objections raised by six prominent business organizations, citing concerns primarily centered around inadequate consultation and the potential for increased corruption under the proposed regulations.
Confirming the suspension, Minister of Information Kojo Oppong Nkrumah underscored the importance of engaging with stakeholders to bridge perspectives. He emphasized the broader objective of fostering local production for the specified goods.
“The need for collective support is crucial to enhance local production of these items,” Mr. Oppong Nkrumah stated, adding, “The aim is to ensure that all relevant stakeholders have the opportunity to express and have their views considered in this matter.”
This new development underscores the delicate balance between regulatory measures aimed at bolstering domestic industries and the imperative for inclusive decision-making processes. As Ghana navigates the complexities of trade policy, the suspension reflects a pragmatic response to the multifaceted concerns expressed by both political and business entities, highlighting the importance of consensus-building in shaping economic directives.
Spource:norvanreports