Import duties to be cedi-based, flat rate from 2025 [Video]

The Vice Chair of the New Patriotic Party (NPP)’s Manifesto Committee, Kojo Oppong Nkrumah, has announced that starting in 2025, import duties will no longer be referenced in dollars but will instead be based on the cedi with a predictable, flat rate.

Speaking on Joy News’ PM Express on Monday, he stated that the incoming government under Dr Mahamudu Bawumia intends to simplify the current tax system by moving away from dollar-referenced duties.

“Because it’s dollar-referenced, it fluctuates. That’s what we are moving away from—being able to give you a simple, basic cedi-based and flat rate,” he explained.

The Housing Minister highlighted the issues businesses face with the current system, noting that the lack of clarity and predictability often leads to tax evasion.

“One of the problems with taxation is when people can’t find some clarity and predictability, and therefore resort to a lot more tax evasion, instead of even …

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