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Minority hails government’s retreat on Import Restrictions
The Minority in Parliament has expressed relief following the government’s decision to suspend the introduction of import restriction regulations.
The caucus strongly opposed the regulations, citing concerns about potential corruption and economic harm.
In a statement released on December 8, 2023, the Minority criticized the regulations for granting the Trade Minister excessive discretionary power over import licenses and quantities without proper checks and balances. They expressed concern that this power could lead to corruption, abuse of power, and state capture.
“Minority has always maintained that these regulations will breed corruption, because not only are they arbitrary and opaque but they are designed to encourage the arbitrary exercise of discretionary power in the hands of one person, particularly the Minister of Trade and Industry.”
“We have argued that by vesting too much unfettered and unchecked power in the Minister to determine who qualifies or not to be granted a permit to import into the country as many as twenty (24) commodities, the regulations lend themselves to abuse of power, state capture and rent-seeking conduct reminiscent of the days of ‘essential commodities’ and ‘price control’.”
The caucus said its principle was not against any legal regime or policy that sought to protect indigenous businesses by regulating imports but what it was against was a law that conferred unfettered discretionary power on the Minister of Trade, to issue import licenses and to restrict the quantity of certain imports into the country, without any checks and balances.
“It defied sound logic for this Akufo-Addo/Bawumia government to seek to restrict imports contrary to what it had signed on to about Ghana’s current IMF programme. One of the quantitative performance criteria in Ghana’s current IMF bailout is a requirement to avoid imposing or intensifying restrictions on imports for balance of payment reasons.
At a time Ghanaians are facing extreme misery and reeling under countless taxes, including those contained in the 2024 Budget, we do not consider it right that the government would introduce import restrictions that will fuel inflation and hoarding,” it stated.
PRESS STATEMENT
NDC MINORITY IN PARLIAMENT REACTS TO GOVERNMENT’S SUSPENSION OF LAYING OF IMPORT RESTRICTION REGULATIONS
The Minority Caucus has noted with relief the announcement by the government to suspend the laying of the proposed regulations on Restriction of imports of Selected Strategic Products, 2023.
The Minority has always maintained that these regulations will breed corruption, because not only are they arbitrary and opaque but they are designed to encourage arbitrary exercise of discretionary power in the hands of one person, particularly the Minister of Trade and Industry.
We have argued that by vesting too much unfettered and unchecked power in the Minister to determine who qualifies or not to be granted a permit to import into the country as many as twenty (24) commodities, the regulations lend themselves to abuse of power, state capture and rent-seeking conduct reminiscent of the days of ‘essential commodities’ and ‘price control’.
Indeed, various stakeholders including the Ghana Union of Traders Association (GUTA), the Food and Beverages Association of Ghana, Importers and Exporters Association of Ghana, the Ghana Institute of Freight Forwarders, Chamber of Automobile Dealership Ghana and the Ghana National Chamber of Commerce and Industry, have all joined us in all kicking against these proposed import restrictions.
The Minority in principle is not against any legal regime or policy that seeks to protect indigenous businesses by regulating imports. What we are vehemently against is a law that confers unfettered discretionary power on a single individual, in this case a Minister of Trade, to issue import license and to restrict the quantity of certain imports into the country, without any checks and balances.
It defied sound logic for this Akufo-Addo/Bawumia government to seek to restrict imports contrary to what it had signed on to with regard to Ghana’s current IMF programme. One of the quantitative performance criteria in Ghana’s current IMF bailout is a requirement to avoid imposing or intensifying restrictions on imports for balance of payment reasons.
At a time Ghanaians are facing extreme misery and reeling under countless taxes, including those contained in the 2024 Budget, we do not consider it right that government would introduce import restrictions that will fuel inflation and hoarding.
Source: Citinewsroom.com
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ASWIM lauds Prof Naana Jane Opoku-Agyemang
The Association of Women in the Media, (ASWIM) has congratulated Professor Naana Jane Opoku-Agyemang on her historic achievement as Ghana’s first female Vice President.
The association said her trailblazing journey with sterling accomplishments from academia to politics, is undoubtedly, a vivid inspiration to countless women and girls across Ghana and Africa.
This was contained in a statement signed by its president, Mrs Mavis Kitcher, and copied to The Spectator on Tuesday in Accra.
“ASWIM celebrates your remarkable career, marked by numerous firsts, including the first female Vice-Chancellor of the University of Cape Coast, (UCC), and the first female to hold a professional chair in Ghana, (UCC),” the statement said.
It said the accomplishments of Prof Opoku- Agyemang were clear testament to the brilliance, resilience and resourceful nature of the complete beautiful African woman.
“As she takes on this new role, ASWIM proudly lauds her commitment to education, women’s empowerment, distinguished public service and patriotism and is very confident that her pursuit of excellence, love for humanity, humility, decency, modesty and commitment to the welfare of the vulnerable will characterise Ghana’s political leadership and public service,” the statement added.
By Jemima Esinam Kuatsinu
Entertainment
Demolition of Fantasy Dome unfair — Mark Okraku-Mantey
Months after the Fantasy Dome was dismantled to make way for construction at the Ghana International Trade Fair site, the Deputy Minister of Tourism, Arts and Culture, Mr Mark Okraku-Mantey, has expressed concern over the manner the facility was destroyed.
In an interview on Daybreak Hitz with Andy Dosty, Mr Okraku-Mantey criticised the handling of the dome’s dismantling, suggesting that it could have been done without causing damage.
“I don’t think that leadership gave instructions that they should do what happened. The structure was a prefab but I hear the people destroyed it. That one, we cannot defend it. It is unfair to him (owner). Sometimes, you give instructions and people will go and do things that will make you look bad,” he stated.
When asked about any punitive measure against the workers responsible for the destruction, Mr Okraku-Mantey clarified that the Trade Fair does not fall under his ministry.
He said he had previously contacted the owner, Leslie Quaynor, to discuss relocating the dome, and even suggested the National Museum as a potential site, though it was too small.
The demolition of the 20,000-seater Fantasy Dome occurred on March 16, 2024.
According to Dr Agnes Adu, CEO of the Ghana Trade Fair Company Limited, the action was taken after multiple notices were given to Quaynor to vacate the premises for redevelopment, as per their tenancy agreement.
Dr Adu noted that all previous tenants had complied except for the Fantasy Dome.
Quaynor, in an interview with JoyNews, confirmed that his lease had ended, and was in the process of relocating the dome.
He had requested an extension, which was denied, leading him to seek a writ and an injunction from an Accra High Court to halt the demolition.
Despite this, the demolition proceeded, causing significant damage to the structure.
Quaynor described the incident as a major setback, not only for his business but also for the entertainment industry, which relies on venues like the Fantasy Dome.
