The Chamber of Automobile Dealership Ghana (CADEG) has expressed its appreciation for government’s recent move to suspend the laying of the proposed “Export and Import (Restrictions on Importation of Selected Strategic Products) Regulations, 2023 Bill” before Parliament.
The decision to suspend the policy followed widespread opposition from various stakeholders, prompting further consultations by the government.
In an earlier joint statement, CADEG and the Vehicle and Asset Dealers Union of Ghana (VADUG) had raised concerns about the envisaged licensing process.
They emphasised potential challenges and procedural intricacies if the process were exclusively administered by the sector Minister.
The associations also highlighted existing challenges within the automobile industry, specifically regarding tariffs and percentage tax increments.
They cautioned that implementing restrictive measures on the importation of motor cars and vehicles could lead to severe unemployment issues and called on the government to engage in further dialogue on the policy.
A recent statement issued and signed by CADEG’s President, Nana Adu Bonsu Agyekum, commended the government’s responsiveness to concerns raised by various stakeholders, including both Majority and Minority members in Parliament and the Joint Business Consultative Forum of Ghana.
The President of CADEG said this decision reflects a commitment to dialogue and collaborative policymaking that considers the broader impact on the economy, both financially and in terms of human resources, in the automobile industry of Ghana.
Nana Adu Bonsu Agyekum, who is also the CEO of NABUS Motors, emphasised CADEG’s recognition of the need for comprehensive consultations to ensure that policies align with economic objectives while safeguarding the interests of consumers of imported used and locally assembled vehicles in Ghana.
“The suspension of the Export and Import Restrictions Bill is seen as a prudent step towards fostering a more inclusive and informed decision-making process to meet the intended revenue generation for the growth of the Ghanaian economy through the automotive sector,” the statement noted.
The statement reiterated its commitment to engaging constructively with the government to address challenges facing the sector and fostering the right partnerships as a strategic partner.
The statement also called on all Auto Dealerships across the country not yet registered as members to join and become certified CADEG members.
This initiative aims to fortify the chamber’s capacity to support the industry, advocate for fair and equitable trade opportunities, and promote the interests of all stakeholders in the Ghanaian Auto Industry.
CADEG actively advocates for policies fostering the growth and sustainability of the automobile sector.
The chamber engages with government authorities, policymakers, and other stakeholders to address industry-related concerns, driving sustainable investment.
CADEG’s proactive response to recent government decisions demonstrates its dedication to advocating for policies that strike a balance between supporting the automobile industry and contributing to the broader economic landscape in Ghana.