Give timelines on no forex directive- GUTA to government

Give timelines on no forex directive- GUTA to government


The Ghana Union of Traders Association (GUTA) is asking government to come clear on the timelines wherein the directive given for the Bank of Ghana to seize forex  assist for some food gadgets imported into the country will be applied.

According to him items which have been procured however are but to arrive within the country before the directive was given ought to obtain the required forex assist from the Bank of Ghana. This he says will forestall harsh shocks to the companies.

Some of the gadgets which will no longer obtain forex assist from the Bank of Ghana embrace rice, vegetable oil, toothpicks, pasta, fruit juice, bottled water and tiles.

GUTA president, Dr. Joseph Obeng in a  Citi Business News interview said “We are appealing to the Bank of Ghana to provide timelines . If we are saying that the directive will apply to new imports, lets establish it because how will we pay for goods that have already been procured?”

He additional argued that “the same businessmen will be those investing in the other sectors that the government is trying to boost”  by withdrawing forex assist for sure commodities therefore their call for the Government to declare timelines so as to assist higher planning.



Source

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