Bill to regulate cement prices will be laid, passed before Parliament adjourns – Trade Minister
Trades and Industry Minister, KT Hammond, says he will disregard the petition from the Chamber of Cement Manufacturers to delay the implementation of a legislative instrument aimed at regulating cement prices. KT Hammond insists that the law is essential to prevent a cartel of manufacturers from exploiting the public. Under the proposed LI, cement manufacturers […]
Maximum advance payment for imports increased to $200K per importer
The Bank of Ghana has increased the maximum advance payment for the importation of goods and services to $200,000. This is part of the Central Bank’s amendment of the rules on advance payments for the imports of goods and services into the country. The adjustment is a 300% percent increase of the previous $50,000 needed […]
Plastic manufacturers threaten to shut down over 5% tax
Consumers across the country may soon face a reduction in the availability of essential commodities packaged in plastic, including bottled and sachet water. This comes as the Ghana Plastic Manufacturers Association, representing local industry players, has issued a week ultimatum to the government to demand the immediate suspension of a newly imposed 5% excise tax […]