Finance Minister Dr. Cassiel Ato Forson has committed to leading a new policy direction that will place restrictions on the importation of goods that can be produced locally.
The move is part of efforts to stimulate domestic manufacturing, create jobs, and protect local industries.
This was revealed during a meeting with the Plastic Manufacturers Association, where key concerns were raised about challenges in the sector. The Association called for a broader approach to taxation to avoid overburdening a few businesses and highlighted difficulties with exports, the misuse of import exemptions, and the dumping of low-quality imports.
The Minister acknowledged these concerns and emphasized the government’s focus on stabilizing the economy, lowering inflation, and reducing the exchange rate, which significantly affects port charges.
He also announced plans to work with the Ghana Revenue Authority to address revenue leakages at the ports.
