Kyerematen: 2 percent special import levy tax rip-off

The leader and founder of the Movement for Change, an independent presidential candidate for the December 7, 2024, elections, has expressed concern over the escalating taxes at the port of entry, particularly highlighting the two percent Special Import Levy imposed on importers.
According to him, the imposition of this levy is unjustifiable and constitutes a burden on importers.
He emphasised his commitment to abolishing such taxes if elected, stating that they serve no meaningful purpose and only add to the financial strain on businesses.
Furthermore, Mr Kyerematen pledged to eliminate other taxes, including those related to Covid-19 and Ministry of Health disinfection, in order to provide relief to importers.
He criticised the imposition of these indirect taxes by the government, suggesting that they prioritise revenue generation over the welfare of citizens.
During an interview on Accra-based Adom TV, he expressed his dismay over the current tax calculation system in the country, describing it as flawed and in need of reform.
He highlighted the importance of a fair and transparent taxation system that benefits both businesses and citizens alike.
Source: Classfmonline.com/Cecil Mensah
Trending Business
GRA targets September 2025 to finalise VAT reforms ahead of 2026 budget
09:46Food Suppliers Association praises President Mahama's Initiative
08:28SEC warns public against unlicensed investment schemes promoted on Social Media
10:01Parliament approves $360 million World Bank facility to support Ghana’s economic recovery
07:13Free Zones Authority engages Libyan business delegation to deepen investment ties
15:49Plastic prices to increase by 7% from July 1 due to new excise tax – GPMA announces
12:01GIPC CEO backs deployment of investment officers in District Assemblies
16:16SIC Insurance PLC inaugurates new board of directors
09:25Ghana Gold Board fully implements new licensing regime to curb illegal gold trade
01:08Ghana bags $3.9bn Chinese investment in ten years- GIPC CEO hints
14:34