120 Days: Govt to review taxes on industrial and agricultural imports

President John Dramani Mahama has reaffirmed his government's committedness to easing the taxation load connected the concern and cultivation sectors by reviewing levies and duties connected imported vehicles and equipment.

Speaking successful an code to the federation connected Wednesday, May 7, 2025, President Mahama stated; "We committed to reviewing taxes and levies connected vehicles and instrumentality imported for concern and cultivation purposes wrong our archetypal 90 days. My authorities has initiated this important reappraisal process."

According to the president, the result of the broad reappraisal volition play a important relation successful shaping aboriginal fiscal policies.

The findings are expected to beryllium reflected successful the 2025 Mid-Year Budget Review and afloat integrated into the 2026 nationalist budget.

He emphasised that the inaugural is aimed astatine strengthening 2 cardinal sectors of the economy: manufacture and agriculture, by reducing operational costs and encouraging investments and productivity.

"This reappraisal volition guarantee we enactment these captious sectors effectively," helium added.

The determination has been welcomed by manufacture stakeholders who person agelong advocated for taxation reforms to boost competitiveness and thrust economical growth.

SP/AE

Watch the latest variation of BizTech below:

Click present to travel the GhanaWeb Business WhatsApp channel