Business News of Tuesday, 21 January 2020Source: classfmonline.comShipping lines charge import duties above approved rate – Exporters AssociationExecutive Secretary of the Importers and Exporters Association of Ghana, Sampson AwingobitExecutive Secretary of the Importers and Exporters Association of Ghana, Sampson Awingobit, has pointed out that some shipping lines operating in Ghana are charging import duties, way above the prescribed Bank of Ghana (BoG) approve rate. According to him, the BoG has pegged the import duties between GH¢5.4 and GH¢5.5 per dollar, however, the shipping lines which he fails to mention names, are charging between GH¢5.8 and GH¢5.9 per dollar. “We have the Bank of Ghana which looks at monetary policy, we have the Ministry of Finance which also looks at fiscal policies. The BoG is aware of these issues, they know about these things happening on the black market. I was in the economics department first year at the University in 1985 and everything this committee is going to say we already know them.”

Source: GhanaWeb January 21, 2020 13:41 UTC