Source: Business Desk
The government has been commended for its decision to suspend the laying of the intended “Export and Import (Restrictions on Importation of Selected Strategic Products) Regulations, 2023 Bill” before Parliament.
The government suspended the policy for further consultation after massive opposition from various stakeholders.
The Chamber of Automobile Dealership Ghana (CADEG) and the Vehicle and Asset Dealers Union of Ghana (VADUG), who commended the government in an earlier joint statement explained that their primary concern was in the envisaged licensing process, which, if exclusively administered by the sector minister, was anticipated to be fraught with challenges and procedural intricacies.
The two bodies reiterated that it is essential for the government to recognize the existing challenges within the automobile industry, particularly about tariffs and percentage tax increments.
Thus warned that “any implementation of restrictive measures on the importation of motor cars and vehicles into the country was poised to precipitate a severe unemployment crisis, and thus called on the government to engage with them further on the policy.
Meanwhile, in a new statement issued on Sunday, December 10, and signed by the President of CADEG, Nana Adu Bonsu Agyekum, the association said, the suspension resonates with CADEG’s unwavering commitment to advocating against potential adverse effects on the automobile industry.
He said, “We commend the government’s responsiveness to the concerns raised by both Majority and Minority members in Parliament, the Joint Business Consultative Forum of Ghana, and all stakeholders, including CADEG.
This decision reflects a commitment to dialogue and collaborative policymaking that considers the broader impact on the economy both financial and human resource related in the automobile industry of Ghana” he added.
Emphasizing CADEG’s recognition of the necessity for comprehensive consultations, ensuring that policies align with economic objectives while safeguarding the interests of accepted imported used and locally assembled vehicles for consumers in Ghana.
“The suspension of the Export and Import Restrictions Bill is seen as a prudent step towards fostering a more inclusive and informed decision-making process to meet the intended revenue generation for the growth of the Ghanaian economy through the automotive sector” he noted.
As the representative Chamber for the Automobile Industry, CADEG said it remained steadfast in its commitment to engaging constructively with the government to address challenges facing the sector and fostering the right partnership as a strategic partner.
The chamber said it eagerly anticipates contributing to discussions that would lead to well-balanced and sustainable importation and locally accepted policies for its members nationwide.
In response to recent developments, CADEG called on all Auto Dealerships across the country not yet registered as members to join and become certified CADEG members.
“This initiative aims to fortify the Chambers’ capacity to support the industry, advocate for fair and equitable trade opportunities, and promote the interests of all stakeholders in the Ghanaian Auto Industry” it added.
About CADEG
As its core mandate, the Chamber actively advocates for policies fostering the growth and sustainability of the automobile sector, engaging with government authorities, policymakers, and other stakeholders to address industry-related concerns that drive sustainable investment by all.
Nana Adu Bonsu Agyekum, the President, Eddie Kusi Ankomah, the National Chairman and George Dumenu, Executive Secretary of CADEG, underscore the Chambers’ commitment to industry development, addressing challenges, promoting fair business practices, and seeking growth opportunities.
The Chamber maintains clear communication channels to keep members informed about relevant industry developments, policy changes, and other matters of importance.
CADEG’s proactive response to recent government decisions demonstrates its dedication to advocating for policies that strike a balance between supporting the automobile industry and contributing to the broader economic landscape in Ghana.
Source: www.thenewindependentonline.com
