Reintroduction of Special Import Levy is a betrayal of the trust of Ghanaians - Amin Adam to Finance Minister

Dr. Mohammed Amin Adam, the Ranking Member on the Finance Committee, criticized the reintroduction of the Special Import Levy. He called it a betrayal of Ghanaians' trust.

On Wednesday, March 26th, he spoke in Parliament during the approval of the 2025 budget estimates. He expressed disappointment in the Finance Minister's decision to reinstate the levy.

Dr. Amin Adam stated that this move burdens businesses and citizens. The economy is already struggling, making this policy even more harmful.

He noted that the government promised to ease financial pressure on Ghanaians. Instead, they are imposing a tax policy that does the opposite.

He argued that reinstating the levy goes against previous government assurances. The government had said it would seek alternative revenue sources instead of raising taxes.

Importers and businesses will suffer most from this policy, leading to higher prices for goods. This will create further economic hardship for everyone.

Dr. Amin Adam also accused the Finance Minister of lacking transparency in fiscal management. He pointed out there was no consultation with stakeholders before making this decision.

“It is unacceptable to force such a critical policy change without engaging industry players,” he said.

In response, the Finance Minister defended reintroducing the levy as necessary for stabilizing revenue inflows. He claimed it would support important government programs.

He assured that measures would be taken to protect vulnerable groups from its effects.

Despite these assurances, Dr. Amin Adam remained unconvinced. He urged fellow legislators to reject this policy for economic fairness and sustainability.