Ghana ports will not impose higher duties than that of Togo – Bawumia.

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Ghana ports will not impose higher duties than that of Togo – Bawumia.

Dr. Mahamudu Bawumia, the vice president and presidential candidate of the ruling New Patriotic Party (NPP), has promised to harmonize Ghana’s import levies with those of Togo once he takes office.

According to him, importers were rerouting their trade because of the lower tariffs at the Lome port, which presented a serious problem to Ghana.

The goal of this program is to stop the continuous smuggling and diversion of imported commodities to nearby ports, which have been depleting the nation’s resources by millions of cedis that could have been used for quick development.

As he kicked off his two-day tour of the Central Region, Dr. Bawumia said, “The Tema port will undergo full automation,” speaking with religious leaders.

“We are introducing a new import duty policy that will align with the duties at the Tema port with those at the Lomé Port. This policy will benefit our business community by eliminating the need for smuggling.”

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He added, “Ghanaian ports will not impose higher duties than those at the Lomé port. This is our stance; we will maintain equal duties as they are our competitors.”

Dr Bawumia highlighted a milestone in Ghana’s history where consumers could conveniently purchase electricity units from their homes or any location without queuing at the Electricity Company of Ghana (ECG) offices.

He emphasised the implementation of transformative policies by the government, such as the issuance of digital national ID cards, and the groundbreaking Mobile Money interoperability between telcos and banks in Ghana.

These initiatives have positioned Ghana as the fastest-growing mobile money market in Africa.

Underscoring the importance of pricing certainty for businesses, Dr. Bawumia presented his plan to stabilize the local currency and guarantee exchange rate stability through the Bank of Ghana’s gold-purchasing policy.

“My administration will embrace a business-centric approach to strengthen Ghana’s position as one of the world’s most business-friendly economies,” he declared.

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The NPP flagbearer also revealed that the government plans to cut interest rates on loans by June of this year by implementing a Credit-Scoring System for individuals and business owners, especially for those with a track record of timely loan repayment.

In order to steer the country toward progress, he pleaded with the religious leaders to endorse and vote for him.

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