The Importers and Exporters Association of Ghana has expressed concerns over the timing for the implementation of reversal of the benchmark value policy.
It has thus asked government to engage key stakeholders immediately.
The association projects that the immediate implementation of the reversal will lead to unbearable economic hardship for business operators in the country.
During the later days of 2022, the Ghana Revenue Authority announced the complete reversal of the benchmark policy effective 1st January 2023.
Speaking to Citi News, the General Secretary of the Importers and Exporters Association of Ghana, Samson Asaki Awingobit urged government to stick to its promises of making business activities more conducive for stakeholders.
“I believe that government will do something better. It’s challenging. This is not the best because we just entered a new year. I think that if something has to be done, government must engage in consultation on the reversal. Let’s engage and understand what government is doing to assuage the plight of Ghanaians and business communities because we suffered in 2022.”