The African Union Import Levy Bill, 2017 has been passed by Ghana’s Parliament.
The Bill sought to impose an African Union Import Levy of 0.2% (zero point two percent) on imports to finance the activities of the African Union.
The Memorandum to the Bill stated that currently African countries pay their assessed contributions through the national budget. It added that the Union took the view that such an arrangement made the payment of subscriptions unreliable.
It further indicated that Heads of Government of the Union subsequently passed a resolution which required Member States to impose a levy on imports to finance the activities of the African Union. The Bill was in response to that resolution.
The Memorandum also stipulated that the expected revenue is ninety million Ghana Cedis for the year 2018. It also added that revenue accrued will be used to finance Ghana’s subscription obligations and other expenditures related to Ghana’s membership of the African Union.