Ghana Revenue Authority Reverses Discounts on Imports
Posted December 31, 2022
Import Duty Increases in Ghana
On 22nd December 2022, the Ghana Revenue Authority issued a statement in line with the budget statement and economic policy of the Government of Ghana to reverse any discounts currently being applied to the Free on Board (FOB) value of goods imported into the Ghana.
What does the reversal mean for you as a shipper/importer?
Wit the reversal of import duty discounts on virtually all consumer goods, there will be an increase in the cost of clearing goods at the Port of Tema by 40%.
Door to door shipping companies who mainly carry personal effects and some commercial goods will be clearing their containers in line with the new rates, with the implication being that current values for 20ft and 40ft containers will be increased accordingly, in line with the new directive.
This reversal is as a result of the Government's bid to help reduce prices of imported goods back in 2019. In January 2022, the Government of Ghana sort to reverse any discounts being enjoyed on import values of goods brought into this country. This was met with much discussions and a temporary halt on the implementation of the reversal.
With this new directive, personal effects and imported commercial goods will have discounts decreased from the current 50% to 30% i.e. an increase of 20% across board.