• About
  • Advertise
  • Privacy Policy
  • Contact
Saturday, October 18, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

GITC Turns Down Request to Waiver On Anti-Dumping Duty on Asadtek Group Consignments

M.Cby M.C
March 9, 2023
Reading Time: 3 mins read
M.Cby M.C
in Vaultz Business
0
GITC Turns Down Request to Waiver On Anti-Dumping Duty on Asadtek Group Consignments

The Ghana International Trade Commission (GITC) has refused a request for waiver of 35.77 per cent Anti-Dumping Duty (ADD) imposed on consignments of aluminium coils and circles imported from China by the Asadtek Group of Companies.

The Commission in a statement signed by its Executive Secretary, Mr Frank Agyekum, said it “took into consideration the facts contained in the filed Petition and the 29-page supporting documents”. The Commission said it analysed the issues brought before it, by the GITC Act 926, 2016, and the GITC Anti-Dumping Regulations, 2019, L.I.2380.

The Global Roofing and Construction Limited (ASADTEK GROUP), headquartered in Tema, had petitioned the Commission on June 30, 2022, to request a waiver of 35.77 per cent Anti-Dumping Duty (ADD) imposed on its consignments.

RelatedPosts

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes

The Petitioner (ASADTEK GROUP) contended that the consignments of aluminium coils and circles did not constitute dumping.

The GITC concluded that “the imported consignments were not brought into Ghana at fair values, hence constituted dumping”.

Advises and Recommendations

The Commission, meanwhile, advised, recommended and provided analytical support to the Minister of Trade and Industry on proposals for trade-related legislation; preparation of documentation and negotiating position of the Government during international trade negotiations.

ADVERTISEMENT

It further advised Ghana’s compliance with its bilateral and multilateral trade treaties and obligations; tariff levels for specific sectors of the economy and matters affecting trade and industry after monitoring and reviewing the Country’s international trade.

For manufacturers, the Commission determines complaints before it in areas of Safeguard Measures; Subsidization of Imported Products by foreign Governments; the Dumping of imported products into our domestic market; tariff adjustments and actions which are deemed to affect fair trade.

1.18969939

For Importers and Traders, the Commission settles disputes arising from the classification and valuation of imported products between them and the Customs Division of the Ghana Revenue Authority.

For Exporters, the Commission said it will conduct studies and publish reports on the competitiveness of Ghana’s tariff structure and its impact on the domestic industry, market access opportunities and challenges with exports from Ghana.

In 2020, the Ghana International Trade Commission (GITC) set up to check unfair trade practices, heared a historic petition brought before it by some local companies to protect them against some unfair practices by foreign companies.

At the commission’s sitting, Aluworks Limited prayed it to invoke its investigative and adjudicative powers against alleged unfair trade practices relating to dumping, subsidisation and tariff adjustments perpetrated by some foreign entities that threatened the company’s survival.

It was the case of the aluminium products manufacturer that Sunda International and Yai Tin International, both importers of aluminium products, illegally imported subsidised aluminium coils and circles into the country.

The Ghana International Trade Commission was established by an Act of Parliament in September 2016 to regulate Ghana’s international trade architecture in conformity with the rules and regulations of the World Trade System and to provide for related matters.

According to the GITC Act, the objectives of the Commission include ensuring fair competition for persons engaged in domestic production and international trade; overseeing Ghana’s compliance with international trade rules and regulations; protecting the domestic industry or market from the impact of unfair trade practices and ensuring transparency, fairness, efficiency and objectivity in the application of measures affecting international trade and the use of world trade measures.

READ ALSO: Ashaiman brutalities: Defence Minister Appeals To The People Of Ghana, To Be Respectful Of Persons In Uniform

Tags: AluworksAnti-Dumping DutyASADTEK GROUPGhana Revenue AuthorityGITC
Please login to join discussion
Previous Post

UBA Empowers Women To Embrace Equity, Reaffirms Its Mission To Champion Gender Equality

Next Post

Deputy Lands Minister Urges Queen Mothers To Establish 1000 Hectares Bamboo Plantations

Subscription Form

Related Posts

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum
Vaultz Business

IMANI Africa and ISSER to Present Groundbreaking Research on Ghana’s Digital Assets and Credit Guidelines at MTN MoMo’s Fintech Forum

October 14, 2025
Importers and Exporters Applaud BoG’s $1.15bn Forex Boost
Vaultz Business

Importers and Exporters Applaud BoG’s $1.15bn Forex Boost

October 9, 2025
No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes
Vaultz Business

No Business Can Survive This! — GUTA, FABAG Blast Government Over Tariff Hikes

October 7, 2025
AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa
Vaultz Business

AfCFTA and Afreximbank Ignite New Push to Break Barriers and Scale Trade Across Africa

October 3, 2025
Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power
Vaultz Business

Africa’s $6 Trillion Trade Opportunity: GEPA Rallies Nations to Unlock Intra-Continental Power

September 30, 2025
$4.8 Billion SME Financing Gap in Ghana Tackled with Over 200 New Machines Through AfNEXT
Vaultz Business

$4.8 Billion SME Financing Gap in Ghana Tackled with Over 200 New Machines Through AfNEXT

September 26, 2025
Ghana and Nigeria Join Forces to Advance Energy Efficiency
Extractives/Energy

Ghana and Nigeria Join Forces to Advance Energy Efficiency

by Bless Banir YarayeOctober 18, 2025
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a
Economy

Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition

by M.COctober 18, 2025
Osagyefo Mawuse Oliver Barker-Vormawor
General News

Barker-Vormawor Pushes for a Robust Framework to Recover Stolen Public Funds

by Evans Junior OwuOctober 18, 2025
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment
General News

Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

by Silas Kafui AssemOctober 18, 2025
United Party Different from Other Third Force Seekers – Solomon Owusu
General News

United Party Different from Other Third Force Seekers – Solomon Owusu

by Emmanuel Tibila BoasahOctober 18, 2025
Israel Commits Deadliest Breach Of Gaza Ceasefire
Asia

Israel Commits Deadliest Breach Of Gaza Ceasefire

by Comfort AmpomaaOctober 18, 2025
Ghana and Nigeria Join Forces to Advance Energy Efficiency
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a
Osagyefo Mawuse Oliver Barker-Vormawor
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment
United Party Different from Other Third Force Seekers – Solomon Owusu
Israel Commits Deadliest Breach Of Gaza Ceasefire

Recent News

Ghana and Nigeria Join Forces to Advance Energy Efficiency

Ghana and Nigeria Join Forces to Advance Energy Efficiency

October 18, 2025
Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition \a

Inflation Tamed, Reserves Rebuilt: Ghana’s Economic Revival Gains Global Recognition

October 18, 2025
Osagyefo Mawuse Oliver Barker-Vormawor

Barker-Vormawor Pushes for a Robust Framework to Recover Stolen Public Funds

October 18, 2025
Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

Buaben Asamoa Declares United Party Plus Ready to Shock Establishment

October 18, 2025
United Party Different from Other Third Force Seekers – Solomon Owusu

United Party Different from Other Third Force Seekers – Solomon Owusu

October 18, 2025
Israel Commits Deadliest Breach Of Gaza Ceasefire

Israel Commits Deadliest Breach Of Gaza Ceasefire

October 18, 2025
The Vaultz News

Copyright © 2025 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2025 The Vaultz News. All rights reserved.

Discover the Details behind the story

Get an in-depth analysis of the news from our top editors

Enter your email address