Advertisement
Desktop970x250
3News
Advertisement
Desktop970x250

Finance Minister announces plans to work with GRA to address revenue leakages at the ports

By Laud Nartey
SHARE
1 min read
Finance Minister announces plans to work with GRA to address revenue leakages at the ports

Finance Minister Dr. Cassiel Ato Forson has committed to leading a new policy direction that will place restrictions on the importation of goods that can be produced locally.

The move is part of efforts to stimulate domestic manufacturing, create jobs, and protect local industries.

This was revealed during a meeting with the Plastic Manufacturers Association, where key concerns were raised about challenges in the sector.

The Association called for a broader approach to taxation to avoid overburdening a few businesses, and highlighted difficulties with exports, the misuse of import exemptions, and the dumping of low-quality imports.

The Minister acknowledged these concerns and emphasized the government’s focus on stabilizing the economy, lowering inflation, and reducing the exchange rate, which significantly affects port charges.

He also announced plans to work with the Ghana Revenue Authority (GRA) to address revenue leakages at the ports.

 

Sign up to The Daily Briefing

Stay informed with the most relevant stories shaping Ghana and the world, every morning and evening.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy.

Share This Article

Laud Nartey is an online editor with current affair team at Media General, operators of TV3 Ghana, 3News.com and more. Email: Laud.Nartey@editors.3news.com

Advertisement
Desktop300x250

Up Next

Advertisement
Desktop970x250