Business News of Tuesday, 9 April 2019Source: citibusinessnews.comRevised benchmark values: Importers access actual figures on goodsDr Bawumia announced the reduction in import duties on April 3Calculation and payment of new benchmark values on imports have been made easier following the publication of detailed documents by the valuation agencies at Ghana’s ports. For example, an initial benchmark value on a carton of imported canned which ranged from 4 dollars seventy cents [$4.70] to fifteen dollars, fifty cents [$15.50] will now attract benchmark value of between 2 dollars, thirty-five cents [$2.35] and 7 dollars thirty-five cents [$7.35]. Again, importers of frozen products such as chicken have had their benchmark values slashed from sixty-one cents [$0.61] to thirty-one cents [$0.31]. Meanwhile, an importer bringing in rice which used to fetch between $298 and $1290, will now be paying benchmark value of between $149 and $645 per metric tonne. In addition, benchmark values on a kilogram of imported paper fall between $0.36 and $0.42.

Source: GhanaWeb April 09, 2019 18:33 UTC