The Ghana Federation of Labour (GFL) has urged government to use the mid-year budget review to remove nuisance taxes that are affecting business activities.
The Minister of Finance is expected to present the mid-year review of the 2023 budget on July 31, 2023.
Mr. Abraham Koomson, the Secretary General of GFL, speaking to the Ghana News Agency on the Federation’s expectations, said such nuisance taxes were making it extremely expensive for businesses to operate smoothly.
Mr. Koomson said as a result businesses were closing down and workers left unemployed, hence the need to remove them.
He said that notwithstanding the bailout conditions from the International Monetary Fund (IMF), the local manufacturing industry must survive to meet reasonable tax obligations to support economic growth and development in the country.
He said maintaining such taxes on local industries would only undermine the source of revenue earmarked by the government to achieve budgeted targets.
He urged the government to engage with critical stakeholders such as the Association of Ghana Industries (AGI) on tax policies before applying them.
Latest Stories
-
2 Things: Sista Afia releases first song off her upcoming album
14 mins -
GHS to embark on COVID-19 vaccination campaign starting May 4
33 mins -
CAF Confederation Cup: I’ve learned valuable lessons that will help future generations – Karim Zito
39 mins -
Create partnership with Ghanaian businesses – K.T. Hammond tells U.S. business leaders
39 mins -
5 dead, over 14 injured in gory accident near Obuasi
1 hour -
Without my approval, no road can be constructed in Ghana – Akufo-Addo
1 hour -
Cleaner to stand trial over Cashier’s death at Twumasiwaa Hospital
2 hours -
Bawumia pledges full Ghanaian ownership of natural resources if elected president
2 hours -
Global financial institutions call for comprehensive treaty to end plastic pollution
2 hours -
Electoral processes, ethnoreligious cleavages threats to Ghana’s 2024 election – WANEP
2 hours -
ILO study just a projection, and will never come to pass – SSNIT
2 hours -
Harnessing intuition, reasoning, and memory to navigate the AI age
2 hours -
Azumah Nelson Sports Complex: Gov’t advised to terminate project contract
3 hours -
Dumsor will be a thing of the past soon – Bawumia assures
3 hours -
Why do you always run to the media? – EC quizzes IMANI
3 hours