Contrary to concerns and red flags raised by some trade unions and associations over the implementation of the ECOWAS Common External Tariff (CET), the Association of Ghana Industries (AGI), has welcomed the CET’s implementation.
According to the AGI, charging the same tax on imports in the sub region is a good incentive for businesses.
The Common External Tariff which has been effective since February 1, requires that all imports into Ghana attract the same tariff as charged across the ECOWAS sub-region to promote fair trade.
But the Importers and Exporters Association and the Ghana Union of Traders Association (GUTA), have raised concerns stating that the move; will rather negatively affect local businesses.
President of the AGI, James Asare Adjei, called for the CET to be made to cover all of its members.
“Generally AGI welcomes the introduction of the common external tariff, such that our members who are working within the sub region can be on a level playing field when it comes to taxation. Details of the CET are being worked out so AGI can educate its members on the benefit of the CET and as to how to take advantage of it implementation,”
“There are companies especially when it comes to manufacturing they would benefit but we want to make it across board and be able to make our members full benefit of the CET, President of the AGI James Asare Adjei said.
