The Chamber of AutoData Ghana has broken its silence on the overlooked “nuisance taxes” on imported vehicles by the government following the release of the national budget, in which no tax reduction or elimination was mentioned for the automotive sector.
In an interview on Adom FM’s Dwadie Kasae, the Chamber’s Executive Secretary, George Dumenu, and Greater Accra Regional Chairman, Daniel Afari Boateng, voiced dissatisfaction with the government for neglecting the industry in its tax revisions.
The executives disclosed that up to 24 separate tariffs are imposed on imported cars, rendering the system unsustainable and impeding the growth of the business.
The executives disclosed that up to 24 separate tariffs are imposed on imported cars, rendering the system unsustainable and impeding the growth of the business.
“These make imported vehicles unaffordable for the average consumer, and we were disheartened that despite the government’s broader commitments to tax relief, none of these levies were reduced or eliminated,” they said.
The Chamber also said that the volatility of exchange rates makes planning and budgeting for vehicle imports difficult.
The Chamber also said that the volatility of exchange rates makes planning and budgeting for vehicle imports difficult.
The organization is, therefore, urging the government to reconsider the high taxes placed on car imports, to ease the burden of both car dealers and potential car owners in the country.
