Business News of Wednesday, 12 May 2021Source: www.ghanaweb.comThe Ghana Union of Traders Association (GUTA) has clapped back at the Association of Ghana Industries (AGI) for calling on government to cancel the 50% reduction of the benchmark value which serves as a stabilizer in the import valuation system. President of the Association, Dr Joseph Obeng at a press conference held in Accra Wednesday, May 12, 2021 described their actions as insensitive to the plights of Ghanaians. He argued that Ghanaians are already burdened with new taxes among others hence, calling no need for their 'shock absorbers' to be taken off. Dr Obeng averred that the scrapping of the 50% reduction of the benchmark value will overburden Ghanaians especially business owners. He, therefore, called for a consultative meeting with the Ghana International Trade Commission to deliberate on this developing issue.

Source: GhanaWeb May 12, 2021 14:59 UTC