Import Duties And The Economy

The economy of Ghana even though its is widely agreed by everybody on the street to be determined by gas prices seems widely deviated as goods on the market are widely imported. It will be very difficult therefore to manage the economy on this.
 
March 3, 2011 - PRLog -- The assumption that inflation can be checked and the economy revived without the import duties given a double look is a total myth. An average importer pays three quarters of his capital investments to clear his goods. From automobiles to computers and this is the cost of the goods on the ground; cost plus shipping and imort duties. The profit for the supplier cannot also be ignored.
How then can the government check inflation and ignore import duties that has greatly affected the quality of vehicles, when a ban  is on over age vehicles in Ghana for ten year automobiles.
Check import duties along side gas prices and the general cost of goods and the economy in Ghana will be one of the best in Africa if not the world

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