Finance Minister Dr. Cassiel Ato Baah Forson has reaffirmed the government’s commitment to improving revenue mobilization and supporting local industry by sealing revenue loopholes at Ghana’s ports in partnership with the Ghana Revenue Authority (GRA).
In a post on Facebook Dr. Forson stated, “We will work closely with the Ghana Revenue Authority to seal loopholes at the ports,” underscoring the administration’s strategic focus on closing revenue gaps and boosting economic resilience.
This pledge followed a meeting with the Plastic Manufacturers Association of Ghana, where stakeholders raised pressing concerns about the high tax burden, export constraints, and unfair import practices particularly the abuse of import exemptions and the influx of substandard plastic products into the local market.
Responding to these concerns, Dr. Forson emphasized the need to prioritize local manufacturing and reduce dependence on imports.
“I will champion a policy to ensure products that can be produced locally are not imported,” he asserted.
He further highlighted the government’s broader agenda to protect domestic industries, spur job creation, and drive value addition in the Ghanaian manufacturing sector.
“Protecting local industries, creating jobs, and adding value to made-in-Ghana goods is a top priority,” he said.
Dr. Forson also assured the association that the government is taking bold macroeconomic steps to restore stability ranging from inflation control to cedi strengthening. He noted that these measures will ultimately help reduce port charges and ease the cost of doing business in Ghana.
This renewed collaboration with the GRA is expected to tighten port oversight, improve tax compliance, and level the playing field for local businesses striving to compete with foreign imports.
