KOOLICTRENDS

Renowned Belgium-based Ghanaian Afrobeat artist, B.K, has expressed admiration for the NPP government’s recent announcement regarding changes to the import duty payment system in Ghana. This policy, which is set to take effect in 2025, allows for import duties to be paid in the local currency, the Ghana cedi, rather than U.S. dollars, marking a significant shift towards economic independence and stability. In a statement, B.K emphasized the advantages of this policy, noting that paying duties in cedi will protect businesses from the negative effects of exchange rate fluctuations. He described the move as a "game-changer for our economy," highlighting how it will benefit both local businesses and the broader Ghanaian economy. The new duty payment policy is designed to reduce Ghana’s reliance on foreign currencies and mitigate the risks associated with the volatility of the U.S. dollar. According to Kojo Oppong Nkrumah, Vice Chair of the NPP Manifesto Committee, the new s