Business

Import restriction L.I. suspended for further consultation

The Minister of Information, Kojo Oppong Nkrumah has shed light on the government’s decision to suspend the Legislative Instrument (L.I.) that sought to restrict the importation of some 22 ‘strategic’ items.

Kojo Oppong Nkrumah confirmed that it was to afford the government the needed space to continue consultation with all stakeholders until an agreement or a compromise is reached.

He added that the Ghana Union of Traders Associations (GUTA), vehicle dealers, and the various organizations that will be impacted by the Legislative Instrument were a part of the talks.

Many business associations and the Trades Union Congress, have all spoken against the promulgation of the law, pointing out what they said were obvious deficiencies, while the government, led by the Trade and Industry Minister, KT Hammond, and Finance Minister Ken Ofori-Atta, insisted, it was in the best interest of the nation.

Story by: Emmanuel Romeo Tetteh(#RomeoWrites) / Ahotoronline.com

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