BUSINESS NEWS
Parliament passes bill to stop accident cars’ importation
Parliament has passed the Customs (Amendment) Bill 2020, which seeks to ban importation of accident cars into the country.
The law will prohibit the importation of specific vehicles of over ten years of age. The country is also expected to lose over Ghc802 million for the first three years in tax waivers.
The law will provide incentives for automotive manufacturers and assemblers registered under the Ghana Automotive Manufacturering Development Programme.
The move comes despite the Minority’s opposition to the bill.
Speaking during the approval of the joint report of Trade and Finance committee, deputy ranking member for the Trades Committee and Tamale Central MP Inusah Fuseini argued the bill when passed will deny many people of their livelihood.
His argument was supported by ranking member for Committee of Transport Governs Kwame Agbodza and Ho Central MP Benjamin Kpodo.
According to them, the ban has the potential to affect businesses of dealers.
Chairman for the Finance committee, Dr Mark Assibey-Yeboah, Information Minister Kojo Oppong Nkrumah and Trades Minister Alan Kojo Kyerematen disagreed.
They argued that such a law will not only create jobs with the location of multinational automobile companies in the country but make brand new vehicles affordable for purchase.
German car-maker, Volkswagen is one of the automobile companies set to open an assembling plant in Ghana in early 2020.
Source: Ghana/otecfmghana.com
-
Lifestyle2 months ago
Road Safety Authority narrates how buttocks causes road accident
-
GENERAL NEWS2 months ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS2 months ago
Watch how Ibrahim Mahama rode Honda superbike to pay last respects to late friend
-
GENERAL NEWS2 months ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News2 months ago
Woman thrown out of a speeding taxi while on her way to work
-
SHOWBIZ KONKONSAH1 month ago
Junior Pope’s Death: Video of John Dumelo refusing to join canoe for movie shoot over safety concerns resurfaces
-
GENERAL NEWS1 month ago
Deadly clash between youth and navy personnel results in two deaths at Tema Manhean
-
News Africa3 months ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church