Business News of Thursday, 6 January 2022<\/p>\n
Source: <\/strong>starrfm.com.gh<\/p>\n 2022-01-06<\/p>\n Member of Parliament for Bolgatanga Central Isaac Adongo has accused the Akufo-Addo administration of insensitivity following the reversal of the reduction in Benchmark Values.<\/p>\n Reversal of the 30% and 50% reduction in Benchmark Values for some 43 items kicked in this week as announced in the 2022 budget by finance minister Ken Ofori-Atta.<\/p>\n The government argues the development is to protect local manufacturers from producing similar items imported at a cheaper cost. The move has been strongly rejected by the Ghana Union of Traders Association, GUTA which has warned the development will lead to increments in prices.<\/p>\n The Association of Ghana Industries, AGI, has however hailed the development describing it as a game-changer in empowering local manufacturers.<\/p>\n Commenting on the development in a post on Facebook, the Bolgatanga Central MP who is a member of the committee on Trades and Industry disclosed the reversal has led to a sharp rise in import duties already.<\/p>\n He singled out chicken as one of the most affected items with almost 100% increment in duties. The development Adongo argues will leave consumers having to pay much more for chicken from their favorite food joints.<\/p>\n \u201cImport duty on a 40 footer reefer container of chicken backs (cheapest chicken on the market) has increased by almost 100% from GH\u00a236,000 to GH\u00a271,000. As for chicken thighs and drumsticks forget. No more fufu GH\u00a25, Akoko GH\u00a22.3 more just started.\u201d<\/p>\n According to him the move by the government is \u201cridiculous and insensitive\u201d.<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Business News of Thursday, 6 January 2022 Source: starrfm.com.gh 2022-01-06 Reversal of the 30% and 50% reduction in Benchmark Values for some 43 items kicked in this week Member of Parliament for Bolgatanga Central Isaac Adongo has accused the Akufo-Addo administration of insensitivity following the reversal of the reduction in Benchmark Values. Reversal of the […]<\/p>\n","protected":false},"author":1,"featured_media":738124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-738123","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/738123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=738123"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/738123\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=738123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=738123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=738123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Reversal](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/01\/18327415.295.jpg\" "\\"Reversal")
Reversal of the 30% and 50% reduction in Benchmark Values for some 43 items kicked in this week<\/span><\/span><\/p>\n<\/div>\n