Audio By Carbonatix
President of the Ghana Union of Traders, Dr. Joseph Obeng, has revealed that GUTA was not engaged on the recently passed tax bills.
According to him, the Finance Ministry had failed to reach out to them for their input even despite their protestations concerning the adverse effect of the tax bills.
The bills namely the Income Tax Amendment Bill, the Excise Duty Amendment Bill and the Growth and Sustainability Amendment Bill were passed on Friday evening.
The government had stated that the revenue bills are needed to help the government complete processes for the about $3 billion IMF deal as well as improve the revenue situation of the country.
Following their passage, the Association of Ghana Industries (AGI) has expressed disappointment stating that the bills are coming on the heels of an already harsh business climate and poses very dire consequences for their industry.
“We denounce the lack of stakeholder consultation on such fiscal policies, which have negative impact on businesses. AGI took steps to make input to the bills and it’s obvious that our submissions did not receive the consideration we expected,” the AGI said in a press statement.
Speaking on JoyNews’ PM Express, Dr. Obeng affirmed that there had not been any stakeholder engagement and that GUTA had not been given the privilege to offer submissions towards the tax bills.
“We were never engaged. Maybe AGI would have been privileged but we were never engaged, and so I cannot say the same things that they’re saying. But it’s very unfortunate because it has always been the norm that whenever there is a new tax, they consult us and then we build consensus.
“That’s how government and businesses have been doing. Even when it bypasses us and goes to parliament, and we raise concerns, they hold on it and then come and engage us again,” he bemoaned.
He stated that the government going ahead to present and pass the tax bills without consultation is testament to their hard resolve to “bring it regardless of the pleas from the business community.”
Dr. Obeng said GUTA had tried several avenues to get the government to at least engage them on the bill but none came to fruition.
“So many petitions have been sent to parliament itself, to the speaker and then press releases have been issued. I hope you read mine couple of days ago. And so this almost all the business unions and organization have protested to this very bill because we are overburdened with tax payments, seriously and it is true, to the extent that any layer of course of doing business would have succeeded in breaking the backs of businesses and that’s our fears and that’s why we disapprove this bill,” he said.
Latest Stories
-
Tarkwa court jails labourer for three years over GH¢123,000 theft
25 minutes -
GAEC must retain nuclear scientists for Ghana’s nuclear ambitions – Minister
57 minutes -
Man reportedly mistaken for game and shot by hunter dead in forest
59 minutes -
19-year-old mason jailed 15 years for defiling seven-year-old pupil
1 hour -
Ghana’s banking sector assets rise 20.47% to GH¢500.2bn – BoG Governor
1 hour -
22 injured as Sprinter bus overturns at Sege after tyre burst
1 hour -
UN housing expert urges Ghana to strengthen Rent Control Department amid housing affordability concerns
1 hour -
Delta-BCI partnership reaches 166,000 people with breast cancer education
1 hour -
Power restoration fault suspected in Kumasi Central Market fire
7 hours -
The 7-foot giant of Ngleshie Amanfro: Seven-foot Ghanaian Ephraim Saawa dreams of joining the national basketball team
7 hours -
Government promises support for Kumasi Central Market fire victims
7 hours -
Vibes The Movie: Big Ghun’s Ghanaian film earns five nominations at 2026 REFFA
8 hours -
‘I’m a fulfilled man’—Justice Korbieh on missing out on Supreme Court despite two nominations
8 hours -
MamaCare CEO warns unresolved conflicts among health workers could undermine maternal and neonatal care
8 hours -
Health professionals urged to translate medical knowledge into practice to save mothers
8 hours