{"id":298499,"date":"2017-03-02T16:51:20","date_gmt":"2017-03-02T16:51:20","guid":{"rendered":"http:\/\/citifmonline.com\/?p=298499"},"modified":"2017-03-02T16:51:20","modified_gmt":"2017-03-02T16:51:20","slug":"abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/","title":{"rendered":"Abossey-Okai spare parts dealers jubilate over tax cut [Video]"},"content":{"rendered":"<p>Spare parts dealers at Abossey-Okai in Accra, have lauded government for the decision to scrap taxes on the importation of vehicle parts.<\/p>\n<p>The traders said the move relieves them of a huge burden that has over the years prevented them from expanding their businesses.<\/p>\n<p>When <strong>Citi News&#8217;<\/strong>\u00a0Kojo Agyemang got to Abbosey-Okai after the announcement today [Thursday], the area was thrown into a frenzy with most dealers in a jubilant mood.<\/p>\n<p>Abossey Okai is one of Ghana&#8217;s major destinations for auto mechanic services and auto parts sales.<\/p>\n<p>Ghana&#8217;s Finance Minister, Ken Ofori Atta, during his presentation of the 2017 national budget statement and economic policy in Parliament, announced among others some twelve tax scrapping and in some cases a reduction, including the cancellation of levies imposed on head porters popularly known as &#8216;kayayei&#8217;.<\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/9F2Aeh3YGpo\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Ahead of the 2016 general elections, the then incumbent president, John Mahama of the National Democratic Congress (NDC) and the New Patriotic Party&#8217;s (NPP) Nana Akufo-Addo, both made promises of bettering the lot of traders in the area, by addressing issues of duties on the importation of spare parts, which is a major part of business undertaken by the traders there.<\/p>\n<p>Following the announcement of the NPP&#8217;s Akufo-Addo as the winner of the December 2016 presidential elections, dealers in the area announced a discount on their products allegedly in solidarity with the new government, a claim which was subsequently denied.<\/p>\n<p>Below is a list of the taxes abolished and reviewed by the government.<\/p>\n<p><strong>Abolished<\/strong><\/p>\n<p>\u2013 1 percent Special Import Levy;<\/p>\n<p>\u2013 17.5 percent VAT\/NHIL on financial services;<\/p>\n<p>\u2013 17.5 percent VAT\/NHIL on selected imported medicines, that are not produced locally;<\/p>\n<p>\u2013 Initiate steps to remove import duties on raw materials and machinery for production within the context of the ECOWAS Common External Tariff (CET) Protocol;<\/p>\n<p>\u2013 17.5 percent VAT\/NHIL on domestic airline tickets;<\/p>\n<p>\u2013 5 percent VAT\/NHIL on Real Estate sales;<\/p>\n<p>\u2013 Excise duty on petroleum;<\/p>\n<p>\u2013 Special petroleum tax rate from 17.5 percent to 15 percent;<\/p>\n<p>\u2013 Duty on the importation of spare parts;<\/p>\n<p>\u2013 Levies imposed on kayayei by local authorities;<\/p>\n<p>\u2013 Taxation, the gains from realisation of securities listed on the Ghana Stock Exchange or publicly held securities approved by the Securities and Exchange Commission (SEC);<\/p>\n<p><strong>Reviewed<\/strong><\/p>\n<p>\u2013 Reduce National Electrification Scheme Levy from 5 percent to 3 percent;<\/p>\n<p>\u2013 Reduce Public Lighting Levy from 5 percent to 2 percent;<\/p>\n<p>\u2013 Replace the 17.5 VAT\/NHIL rate with a flat rate of 3 percent for traders; and<\/p>\n<p>\u2013 Implement tax credits and other incentives for businesses that hire young graduates.<\/p>\n<p>&#8211;<\/p>\n<p>By: Jonas Nyabor\/citifmonline.com\/Ghana<br \/>\n<a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/jnyabor\" data-show-count=\"false\">Follow @jnyabor<\/a><\/p>\n<p><script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spare parts dealers at Abossey-Okai in Accra, have lauded government for the decision to scrap taxes on the importation of vehicle parts. The traders said the move relieves them of a huge burden that has over the years prevented them from expanding their businesses. When Citi News&#8217;\u00a0Kojo Agyemang got to Abbosey-Okai after the announcement today [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,11],"tags":[4597,3,4606,4598],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Abossey-Okai spare parts dealers jubilate over tax cut [Video] - Citi 97.3 FM - Relevant Radio. Always<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Abossey-Okai spare parts dealers jubilate over tax cut [Video] - Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"og:description\" content=\"Spare parts dealers at Abossey-Okai in Accra, have lauded government for the decision to scrap taxes on the importation of vehicle parts. The traders said the move relieves them of a huge burden that has over the years prevented them from expanding their businesses. When Citi News&#8217;\u00a0Kojo Agyemang got to Abbosey-Okai after the announcement today [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. Always\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/citi97.3\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-02T16:51:20+00:00\" \/>\n<meta name=\"author\" content=\"Kojo Akoto Boateng\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@citi973\" \/>\n<meta name=\"twitter:site\" content=\"@citi973\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kojo Akoto Boateng\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/\",\"url\":\"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/\",\"name\":\"Abossey-Okai spare parts dealers jubilate over tax cut [Video] - Citi 97.3 FM - Relevant Radio. Always\",\"isPartOf\":{\"@id\":\"https:\/\/citifmonline.com\/#website\"},\"datePublished\":\"2017-03-02T16:51:20+00:00\",\"dateModified\":\"2017-03-02T16:51:20+00:00\",\"author\":{\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\"},\"breadcrumb\":{\"@id\":\"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/citifmonline.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Abossey-Okai spare parts dealers jubilate over tax cut [Video]\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/citifmonline.com\/#website\",\"url\":\"https:\/\/citifmonline.com\/\",\"name\":\"Citi 97.3 FM - Relevant Radio. Always\",\"description\":\"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/citifmonline.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1\",\"name\":\"Kojo Akoto Boateng\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/citifmonline.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g\",\"caption\":\"Kojo Akoto Boateng\"},\"url\":\"https:\/\/citifmonline.com\/author\/kojo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Abossey-Okai spare parts dealers jubilate over tax cut [Video] - Citi 97.3 FM - Relevant Radio. Always","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/","og_locale":"en_US","og_type":"article","og_title":"Abossey-Okai spare parts dealers jubilate over tax cut [Video] - Citi 97.3 FM - Relevant Radio. Always","og_description":"Spare parts dealers at Abossey-Okai in Accra, have lauded government for the decision to scrap taxes on the importation of vehicle parts. The traders said the move relieves them of a huge burden that has over the years prevented them from expanding their businesses. When Citi News&#8217;\u00a0Kojo Agyemang got to Abbosey-Okai after the announcement today [&hellip;]","og_url":"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/","og_site_name":"Citi 97.3 FM - Relevant Radio. Always","article_publisher":"https:\/\/www.facebook.com\/citi97.3","article_published_time":"2017-03-02T16:51:20+00:00","author":"Kojo Akoto Boateng","twitter_card":"summary_large_image","twitter_creator":"@citi973","twitter_site":"@citi973","twitter_misc":{"Written by":"Kojo Akoto Boateng","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/","url":"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/","name":"Abossey-Okai spare parts dealers jubilate over tax cut [Video] - Citi 97.3 FM - Relevant Radio. Always","isPartOf":{"@id":"https:\/\/citifmonline.com\/#website"},"datePublished":"2017-03-02T16:51:20+00:00","dateModified":"2017-03-02T16:51:20+00:00","author":{"@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1"},"breadcrumb":{"@id":"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/citifmonline.com\/2017\/03\/abossey-okai-spare-parts-dealers-jubilate-over-tax-cut-video\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/citifmonline.com\/"},{"@type":"ListItem","position":2,"name":"Abossey-Okai spare parts dealers jubilate over tax cut [Video]"}]},{"@type":"WebSite","@id":"https:\/\/citifmonline.com\/#website","url":"https:\/\/citifmonline.com\/","name":"Citi 97.3 FM - Relevant Radio. Always","description":"Ghana News | Ghana Politics | Ghana Soccer | Ghana Showbiz","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/citifmonline.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/1642ef473fe39bf0c4e2f2f252678eb1","name":"Kojo Akoto Boateng","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/citifmonline.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ba51f5385119e83762c67ecd6aa410ab?s=96&d=mm&r=g","caption":"Kojo Akoto Boateng"},"url":"https:\/\/citifmonline.com\/author\/kojo\/"}]}},"_links":{"self":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/298499"}],"collection":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/comments?post=298499"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/posts\/298499\/revisions"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/media?parent=298499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/categories?post=298499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/wp-json\/wp\/v2\/tags?post=298499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}