GUTA expresses disappointment over government’s decision to extend 2% Special Import Levy until 2028

The Ghana Union of Traders Association (GUTA) has expressed disappointment with the government’s decision to extend the removal of the 2 percent special import levy until 2028, rather than eliminating it as anticipated.

The Association argues that this extension will continue to drive up business costs and impose an additional financial burden on traders.

GUTA’s Vice President, Clement Boateng, stressed that traders have actively engaged with political leaders, including President Mahama, to push for the levy’s removal.

Mr. Boateng maintains that retaining the tax contradicts efforts to ease the cost of doing business and supporting trade growth.

Mr Boateng appealed to the government to reconsider its decision to extend the implementation of the Special Import Amendment Bill 2025.

He was, however, hopeful that its removal would be included in next year’s budget, noting that it would impact businesses positively.