Parliament stops K.T. Hammond's import restrictions bill for the 3rd time

Parliament has, for the third time, thwarted the attempt by Trade and Industry Minister K.T. Hammond to introduce the Import Restrictions Bill, marking the third such occurrence.
The proposed legislation, known as the Export and Import (Restrictions on Importation of Selected Strategic Product) Regulations, 2023, seeks to limit the importation of 22 strategic goods into Ghana.
Despite Mr Hammond's efforts, the Minority strongly opposed the move, citing concerns raised by various business groups and emphasising potential adverse effects on the country's businesses.
Speaker of Parliament Alban Bagbin deferred the laying of the bill to November 30, 2023, urging the Minister to address concerns raised by the Minority before proceeding.
This delay is seen as an attempt to ensure thorough scrutiny and consideration of the proposed legislation.
Source: Classfmonline.com
Trending Business
Finance Minister vows lasting economic stability and lower food prices in meeting with FABAG
08:46Bawumia’s Gold for Reserve Programme is anchoring the Cedi – Kofi Bentil
13:27DVLA opens new office in Adentan, CEO expresses gratitude to all stakeholders
08:27President Mahama delivers on 24-hour economy promise within first 120 days
01:34Gov't inaugurates task force to oversee establishment of Ghana’s national airline
13:57NPA boss heaps praise on Finance Minister and BoG for stabilising Cedi, fuel prices
11:18President Mahama sets $10 billion target for non-traditional exports by 2030
03:34Hand over Saglemi housing project to TDC- Parliamentary Select Committee to gov't
04:51CEMSE calls for urgent review of Ghana’s upstream petroleum laws to boost investment
14:55Gov't urged to act fast on the completion Pokuse-Mayera affordable housing project
10:25