On October 10, 2022, some company owners in Kumasi, the capital of the Ashanti region, locked their doors in protest of the free collapse of the Cedi, the high cost of conducting business, and the government’s collection of exorbitant taxes, among other things.
The downtown business district’s vendors claim that the three-day demonstration will take place.
They clarified that the rally also seeks to condemn the Ghana Revenue Authority‘s (GRA) intention to post officers at each business to track Value Added Tax (VAT) on goods sold.
“We want the government to come and dialogue with us. The cost of doing business is high due to tax and the Cedi performance. We have been using our profit margins to pay tax which is not fair,” a trader told TV3.
Most of these traders partaking in the demonstration deal with food commodities, among others.
The traders are however calling on government to reduce the taxes on businesses.
Meanwhile, traders within Magazine, Sokoban wood factory are expected to join the ongoing protest.