BUSINESS NEWS

Kumasi auto dealers cry foul

IMPORTERS OF used vehicles and auto spare parts in Kumasi, the Ashanti Regional Capital, have described the upfront payment of duty as discriminatory.

They have therefore called on the state to consider reviewing the policy that mandates them to pay duties upfront for goods they import.

The aggrieved importers made the call when officials of the Customs Division of Ghana Revenue Authority (GRA) engaged them in Kumasi to address challenges in the business.

According to them, the policy threatens the survival of Ghanaian businesses to the advantage of their foreign counterparts who could afford to pay the duty upfront.

Secretary of the Used Truck and Spare Parts Importers Association, Nyaaba-Aweeba Azongo, told the customs officials that import volumes have dropped significantly as a result of the policy.

According to him, “We are by this petition calling on you to humbly request an urgent audience with the relevant government authorities to resolve a common recourse to a post duty sale regime.”

The Secretary stated that, “the deficiencies in this upfront policy regime as applied to our industry is rather at cross-purposes with the object of the policy to improve the prospects of government revenue. “

He added that “the upfront duty policy regime on our members is a major locked –up capital challenge to the indigenous business, which has in effect reduced significantly the volumes of importation and consequently affects the general volume of revenue that would have accrued to the government.”

 

 

Source: dailyguidenetwork.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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