Gov’t, GRA to close port loopholes, protect local manufacturers — Ato Forson
Finance Minister Dr. Cassiel Ato Baah Forson has announced a collaborative effort between the government and the Ghana Revenue Authority (GRA) to close revenue loopholes at the country’s ports and protect local manufacturers.
In a Facebook post, Dr. Forson emphasized the need to tighten oversight and prevent abuses in Ghana’s import system. “We will work closely with the Ghana Revenue Authority to seal loopholes at the ports,” he stated.
The announcement follows discussions with the Plastic Manufacturers Association of Ghana, who raised concerns over high taxes, weak export support, and an influx of low-quality imports exploiting exemptions.
Dr. Forson reaffirmed the government’s commitment to supporting domestic production, pledging to champion policies that prioritize locally made products over imports. “Protecting local industries, creating jobs, and adding value to made-in-Ghana goods is a top priority,” he said.
He also highlighted ongoing efforts to stabilize the economy, promising that measures to control inflation and strengthen the cedi would reduce costs and improve competitiveness for local businesses.
The partnership with the GRA aims to enhance tax compliance and create a fairer market environment for Ghanaian manufacturers struggling to compete with foreign imports.
