Ghana’s Minister of Finance, Dr Cassiel Ato Forson, says he will push foe a new policy direction that will restrict the importation of goods that can be produced locally, as part of broader efforts to stimulate domestic manufacturing, create employment, and protect Ghanaian industries.
Dr. Forson told Plastic Manufacturers Association during a meeting that he acknowledged their challenges and reiterated the government’s focus on economic stabilisation, curbing inflation, and reducing the exchange rate, al which impact port duties and business operations.
Addressing the revenue-related concerns, the minister disclosed that collaboration with the Ghana Revenue Authority is underway to seal revenue leakages at the ports, ensure a more robust and transparent trade environment.
According to local media reports, the association had earlier appealed for a fairer tax structure to prevent a disproportionate burden on a few businesses and raised alarm over issues such as export hurdles, misuse of import exemptions, and the dumping of substandard imports into the country.