Member of Parliament for Bawku Central, Mahama Ayariga, has raised concerns about the Import Restrictions Bill proposed by the Minister of Trade.

Mr Ayariga contends that the bill violates certain provisions in the government's agreement with the International Monetary Fund (IMF). He argues that if the bill is presented in Parliament, it could jeopardize the existing deal between the government and the IMF, which is a crucial aspect of the country's financial commitments.

Mr Ayariga, a former Information Minister, questions whether the Minister of Trade, Kobina Tahir Hammond, consulted with his counterpart in the Finance Ministry before pursuing such legislation.

He suggests that the lack of coordination within the government reflects a state of confusion, portraying the administration as being disorganized and lacking a cohesive approach.

“The proposed Export and Import (Restrictions on Importation of Selected Strategic Products) Regulations, 2023 offends clear provisions of the IMF Bailout Agreement,” he said in a press statement issued on Wednesday, November 29.

Already, six business associations have also submitted a petition to Parliament urging the House to reject the import restrictions bill.

The Joint Business Consultative Forum, comprising associations such as the Ghana Union of Traders Associations (GUTA), Food and Beverages Association of Ghana (FABAG), Importers and Exporters Association of Ghana, Ghana Institute of Freight Forwarders (GIFF), Chamber of Automobile Dealership Ghana (CADEG), and Ghana National Chamber of Commerce and Industry (GNCCI), argue that the bill if enacted, would have detrimental effects on their businesses.

The petition, dated Sunday, November 26, outlined concerns that the legislation could negatively impact the prices of goods, disrupt the free flow of goods, and potentially harm businesses.

The Minister for Trade and Industry is seeking to pass an (L.I) to restrict the importation of some strategic products.