Trade Minister Meets SMIDO to Discuss Lifting Salvaged Vehicle Import Restrictions

In line with President John Dramani Mahama‘s pledge to repeal the law banning salvaged vehicle imports, the Minister for Trade, Agribusiness, and Industry, Mrs. Elizabeth Ofosu-Adjare, has initiated discussions with stakeholders in the automobile industry. The Customs (Amendment) Act 2020 prohibits the importation of salvaged vehicles damaged by collision, fire, or other occurrences. However, during the 2024 election campaign, President Mahama promised to review the Act, arguing that it negatively impacts artisans and the transport industry.

As part of efforts to amend the law, Mrs. Ofosu-Adjare has been engaging key stakeholders, including brand-new car dealers, second-hand car sellers, and assemblers in Accra, to gather their input. Most recently, she met with the Suame Magazine Industrial Development Organisation (SMIDO) in Kumasi, representing various trade associations within the Suame Magazine enclave.

The minister assured the stakeholders that the President is committed to fulfilling his campaign promise, with the amendment process expected to begin within 120 days of his assumption of office. She also pledged to conclude her consultations with artisans at Kokompe in the coming days to move the amendment forward.

Addressing other concerns raised by the artisans, such as the request for a foundry, Mrs. Ofosu-Adjare promised to discuss the matter with the President to better position Suame Magazine as a key hub for the automobile industry.

Dr. Frank Amoakohene, the Ashanti Regional Minister, praised the engagement process as a reflection of the government‘s dedication to collaborating with stakeholders for national development. Mr. Anthony Owusu Akyaw, General Secretary of SMIDO, also commended the government for supporting artisans, highlighting their importance to the nation’s economic growth.

Last Updated on March 16, 2025 by samboad