The Ghana Chamber of Telecommunications has charged phone importers and assembling companies in Ghana to ensure that the reduction on the import duties of phones reflect in their market prices.<\/p>\n
After a lot of agitation from stakeholders, Finance Minister, Seth Terkper announced in the 2015 Budget that government has reduced tariff on imported handsets from 20 to 10 percent in line with the ECOWAS Common External Tariff(CET).<\/p>\n
In addition, government also removed the VAT on imported handsets.<\/p>\n
Urging stakeholders in the telecommunication industry to let the reduction reflect in the prices of phones, the Chief Executive Officer of \u00a0the Telecoms Chamber, Kwaku Sakyi Addo told Citi Business News <\/strong>that the aim was to make phones available to everybody, including the poor.<\/p>\n \u201cFollowing our persistent dialogue with government and relevant key stakeholders\u2014particularly the Ministries of Communications, and Finance government tax regime has been aligned with that of the ECOWAS CET, reducing the import duty on handsets from 20 to 10 percent,\u201d he said.<\/p>\n He explained that the purpose for the reduction was to make phones available to all Ghanaians to enhance the drive for expansion of technology and financial inclusion through mobile money.<\/p>\n He pointed out that with the growth of mobile money, the Bank of Ghana\u2019s target of achieving a cashless economic society could be achieved.<\/p>\n \u201cAs more and more people sign up and become active users, we\u2019ll reduce the need for cash. More and more payments will be made virtually including simply swiping our smartphones in shops to get on buses and planes,\u201d he said.<\/p>\n Presenting some figures from the Bank of Ghana, Mr. Addo stated that Mobile Money transaction from January to June this year hit 30 billion cedis, compared to total value of mobile money transaction in the whole of 2015 which was at 35 billion cedis.<\/p>\n \u201cThe point here is that our mobile handsets have completely evolved from a telephone\u2014device for basic lip \u2013to-ear communication across distances to a bank for the unbanked.<\/p>\n –<\/p>\n By: Lawrence Segbefia\/citibusinessnews.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":" The Ghana Chamber of Telecommunications has charged phone importers and assembling companies in Ghana to ensure that the reduction on the import duties of phones reflect in their market prices. After a lot of agitation from stakeholders, Finance Minister, Seth Terkper announced in the 2015 Budget that government has reduced tariff on imported handsets from […]<\/p>\n","protected":false},"author":14,"featured_media":113859,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,171,718],"tags":[],"yoast_head":"\n