Government Urged to Rethink Import Restrictions Amidst Backlash from Business Groups

CUTS International’s West Africa Director, Appiah Adomako Kusi, has advised the Minister of Trade and Industry, KT Hammond, to reconsider the proposed Legislative Instrument aimed at limiting imports of specific products. This advice follows a recent clash in Parliament where the Minority vehemently opposed the move.

In an interview on ‘The Point of View,’ Kusi criticized the rushed nature of the government’s decision, highlighting that countries usually spend about 45 years planning such measures. He emphasized the need for comprehensive planning, identifying products for restriction, boosting local production, and informing stakeholders well in advance.

Kusi expressed concerns about the potential price hikes and the vulnerability of consumers to exploitation, urging a reevaluation of the strategy. He stressed that measures addressing import restrictions should have been outlined in the 2024 budget, calling for transparency regarding the specific steps planned.

Acknowledging the necessity of controlling imports to bolster local capacity and reduce dependency on foreign currencies, Kusi highlighted the importance of meticulous planning to avoid adverse effects on consumers and businesses.

Six influential business associations, comprising the Joint Business Consultative Forum, including GUTA, FABAG, Importers and Exporters Association of Ghana, GIFF, CADEG, and GNCCI, have submitted a joint petition to Parliament opposing the proposed legislation. The bill seeks to limit the importation of 22 products into the country.

The collective plea from these business entities underscores growing concerns regarding the potential impact of the proposed restrictions. The call for a more comprehensive and consultative approach before enforcing such legislative measures has gained momentum within various sectors.