Bloomberg announced on Wednesday that the Ivory Coast suspended taxes on imported rice in a bid to prevent consumer prices from rising, while neighboring Mali extended a similar subsidy. In the meantime Ghanaian consumers are left in the dark and reeling under an oppressive cost of living as the Government show no sign of budging.
Tag Archive: Import Duties
The current famine spreading across the Horn of Africa has again focused the world’s attention on the massive challenge the world faces to ensure food security for the people of the planet. The world lived through a massive food crisis in 2007 / 08, and is in the middle of an even worse crisis. Under …
FOOD AND Drugs Board Boss Dr. Stephen Opuni has been cited as one of the leading financiers of the President Mills’ extravagant campaign to retain his position as NDC flagbearer for the 2012 polls in the upcoming congress in Sunyani, a pressure group in Kumasi with affiliations to the NDC has alleged.
Countries in developing economies are awakening to the global food crisis by taking short-term measures in order to protect its citizens against rising food prices.
Every night, the number of hungry people in sub-Saharan Africa runs about 230 million people. Most sub-Saharan countries depend on food imports and foreign aid to feed its people. Imports put pressure on the currency exchange rate, creating currency instability and depreciation.
Members of Food and Beverage Association who import through the Tema port have asked the Ghana Revenue Authority to make the import tax on rice equitable across board.
In a revealing telephonic interview with Anas Aremeyaw Anas on Paul Adom Otchere’s Metro TV show the massive rice smuggling from the Ivory Coast into Ghana was once again confirmed.
The Coca Cola Company has asked the Government of Ghana to review downwards its current excise tax on beverages in order to avoid a further cut down of its workforce in the country.
In order to boost domestic rice, poultry and livestock production, the minister of finance and economic planning outlined in the 2010 budget plans to restore import duties on these food items including edible oil and fish products. Apart from giving the local production impetus it will also afford the government the opportunity to raise revenue. …
ACCRA, 23 May 2008 (IRIN) – Ghana has become the latest country in West Africa to announce it is struggling to manage its national budget in the face of spiraling world prices for fuel and food.