Bill on ban of importation of accident and old cars passed

Bill on ban of importation of accident and old cars passed

- Parliament has finally passed the Customs Amendment Bill, 2020 into law

- The law prohibits the importation of accident cars and vehicles 10 years old into Ghana

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Ghana’s Parliament finally passed the Customs (Amendment) Bill 2020 into law on Thursday, March 12, 2020.

The law bans the importation of accident cars and vehicles which are over 10 years old from the country.

The law was passed despite opposition to portions of it by the Minority in the House.

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The passage of the law means Ghana will now lose over GHC802 million for the first three years in tax waivers.

The law will also provide incentives for automotive manufacturers and assemblers registered under the Ghana Automotive Manufacturing Development Programme.

Meanwhile, a clause in the amendment allows the Minister of Finance to specify the exact date on which the ban will come into force.

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The document becomes law after President Akufo-Addo assents to it. earlier reported that President Nana Akufo-Addo has instructed that foreign travels for all public officials be suspended temporarily.

The President’s directive comes on the back of the increasing rate and impact of the deadly coronavirus.

The directive is also a government measure to prevent the outbreak of the Coronavirus (COVID-19) in Ghana.

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Source: Yen

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