Business News of Wednesday, 13 November 2019Source: Myjoyonline.com2020 Budget: Correct negative benchmark values reduction - AGIplay videoChief Executive of the AGI, Seth Twum-AkwaboahThe Association of Ghana Industries (AGI) wants the 2020 budget to review the 50% reduction of benchmark values at the ports. Chief Executive of the AGI said on JoyNews’ PM Express Tuesday, the introduction has had a terrible and negative impact on locally manufactured products. The government introduced the reduction in benchmark values on April 4, 2019, at all of the country’s ports. Seth Twum-Akwaboah who leads the AGI explains that this did nothing to promote locally manufactured products. Illustrating this, he said for instance “if you were importing at 5% and you have a 50% reduction, the gain there is only 2.5%.

Source: GhanaWeb November 13, 2019 02:14 UTC