Accra, Oct. 18, GNA – The Ghana National Chamber of Commerce and Industry has called on government to further engage relevant stakeholders to address the challenges identified with the Cargo Tracking Note (CTN) module.
This, the chamber, said would allay the fears and concerns of the economic agents and provide a lasting mutual agreement between the policy maker and the practitioner to forestall any disruption in the import sector with cost implication for business and government.
Nana Apiagyei Dankawoso I, the President of the Chamber, said the implementation of the CTN, which among other things, was to collate reliable trade database to benchmark and protect government revenue in import duties and taxes was faced with stiff opposition.
He said the policy was halted on two occasions following lack of mutual understanding among the parties Involved and created agitation particularity among importers and traders, who played a critical role In the Ghanaian economy.
“Per the research conducted by the Chamber at the ports, the cost of doing business is high and any additional cost will undermine our competitiveness. Certainly, additional costs will be passed on to consumers which increase the cost of living,” he said.
Nana Dankawoso I said efforts have been made to persuade Burkina Faso and other surrounding countries to direct traffic through Ghana and as a country, it was important to consolidate these gains.
He, however, appreciated the efforts undertaken by the Ghana Revenue Authority to modernise its operations to enhance trade facilitation in line with best international practice, saying the Chamber also recognised the need for government to improve its revenue generation to support the industrial and economic transformation agenda of the country.
GNA
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