Business News of Friday, 15 May 2020Source: happyghana.comBenchmark reversal has shown us where our votes will go – Importers & Exporters to Akufo-AddoPresident Nana Addo Dankwa Akufo-AddoExecutive Secretary to the Importers and Exporters Association of Ghana, Sampson Asaki Awingobet, has expressed his disappointment in the Government as a leaked document has revealed that the Government has reversed its 50% benchmark value reduction. The Vice-President, Dr. Mahamudu Bawumia, last year, announced a drastic reduction in the benchmark values by 50% at a town hall meeting in Accra. “If you come to tell us that you have reduced benchmark values and the business community has applauded you, you just did us ‘419’. Commenting on the reversal of benchmark value reduction, he stated: “Why do they do this seven months to elections? Benchmark values are reference values that Customs uses in determining values that could be imposed on imports meant for clearance at the country’s ports.

Source: GhanaWeb May 15, 2020 03:09 UTC