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
-
Sports facilities are better managed by institutions – UG Sports Director on maintenance of Legon stadium
14 mins -
Ghanaian businesses must align vision with strategy to mitigate ESG Risks – KPMG
24 mins -
MTN achieves 30% localisation of Scancom PLC
25 mins -
Attorney-General: Some lawyers sacrifice ethics for ‘cheap’ political gains
37 mins -
Bond market: Volume up by 12.45% to GH¢746m
37 mins -
Cedi records year-to-date loss of nearly 29%; one dollar going for GH¢17.10
46 mins -
‘Our priorities are wrong in Ghana’ – UG Sports Director on sports development
46 mins -
The Fourth Estate’s investigative report wins 2nd place at 2024 AIJC
1 hour -
GPL: Our fans spur us on – GoldStars head coach Frimpong Manso on unbeaten run
2 hours -
Plantain chips are breaking hearts in Africa
2 hours -
61 new architects acquire state license to practice in Ghana
2 hours -
Masloc CEO honoured as capacity building Shero of the Year
2 hours -
MPs’ Repeated Attempts to Sue the Speaker: Unintended Consequences for the 2024 Elections?
2 hours -
Today’s front pages: Tuesday, November 5, 2024
3 hours -
Galamsey: Investigation into attack on Joy News’ Erastus Asare and colleagues already growing cold
3 hours