Vehicle owners against implementation of Customs Amendment Act 2020 (Act 891)
Addressing a Press Conference on Tuesday, August 16, 2022, the Executive Secretary of the Union, Mr. Frank Atanley Kofigah noted that its market has over the years provided automobile needs of the average to high-income Ghanaians as well as supported the Government’s budget.
The Vehicle and Assets Dealers Union of Ghana(VADUG) wants the government to hold on with the implementation of the Customs Amendment Act 2020 (Act 891) said to take force on September 1, 2022.
According to them, its implementation will negatively affect a lot of artisans in the value chain and even lead to many people losing their livelihoods.
Addressing a Press Conference on Tuesday, August 16, 2022, the Executive Secretary of the Union, Mr. Frank Atanley Kofigah noted that its market has over the years provided automobile needs of the average to high-income Ghanaians as well as supported the Government’s budget.
Additionally, Mr. Kofigah reiterated the fact that they have never been opposed to the introduction of foreign vehicle assemblers however they now want all players in the industry to be protected by the government to ensure healthy competition.
The above notwithstanding, he outlined some conditions per which the union will come to terms with the implementation of the law as follows;
Reducing the 0 years to 5 years to 0 years to 1 year. Scraping the 35% penalty on 0 to 5 years completely.
Maintaining the Korea Trucks mode of shipping.
Scraping of vehicle import applications will be disadvantageous to Ghanaians since other countries also bid for those vehicles.
Maintain a constant Dollar Rate at the Port for 6 months to ensure advance and stable planning toward the clearing of our vehicles.
Restoring of the Bench Mark Values and stability of the local currency.
