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Finance Ministry Responds To 'Luxury Car Owners' As They Embark On Car Demo Tuesday   
 
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14-Feb-2019  
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Vehicle and Asset Dealers Association of Ghana (VADAG) will on February 19, 2019, embark on a car demonstration to register their displeasure over various tax and levies in their business.

The Luxury Vehicle Levy (LVL) was imposed on vehicle owners and importers last year.

According to the Luxury Vehicle Act, 2018 (Act 969), a vehicle with engine capacity ranging from 2.9L to 3.0L was charged GHc1,000; capacities ranging from 3.5L to 4.0L were also charged GHc1,500, while vehicles with engine capacity of 4.5L and above were levied GHc2000.

However, the car dealers claim, this levy is bad and should be withdrawn.

The car protest which seems to be first in the country will start from the Obra Spot to the Jubilee House.

According to Eric Boateng, President of VADAG, from the Obra Spot, they will go to the Ministry of Finance and "then we will park our cars and go with our keys and end at the Jubilee House; where we will also park the rest of the cars and then return to the Obra Spot".

"Enough is enough; maybe Ken Ofori-Atta is waiting for us to demonstrate before he will listen. Ghanaians now call the levy 'Ofori-Atta levy' and so when they come to your garage and see the capacity of the car, they don't purchase it . . .the taxes are affecting our business," Mr. Boateng added while speaking to Kwami Sefa Kayi on Peace FM's morning show 'Kokrokoo', Thursday.

Speaking to this issue on the same platform, Kweku Kwarteng, Deputy Finance Minister said even though the taxes might be of an inconvenience to people, it is for the good of the country.

"We needed money to develop the country; help in the implementation of projects. We have received a lot of feedback and we are working around it. We are studying the implementation for some time and afterward, we will find out the pros and cons," he said on Peace FM.
 
 
Source: Rebecca Addo Tetteh/Peacefmonline.com/[email protected]
 
 

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