The Ghana Federation of Labour (GFL) has urged the government to use the mid-year budget review to eliminate obnoxious taxes that are affecting business operations.
On July 31, 2023, the mid-year review of the 2023 budget is expected to be delivered by the minister of finance.
Speaking to the Ghana News Agency about what the Federation expects, Mr. Abraham Koomson, the Secretary General of GFL, said that these annoyance taxes make it very expensive for businesses to run efficiently.
According to Mr. Koomson, this resulted in businesses closing down and employees being laid off, necessitating the removal of them.
He asserted that despite the bailout requirements from the International Monetary Fund (IMF), the local manufacturing sector must continue to exist in order to satisfy reasonable tax obligations and support national economic development.
According to him, continuing to impose such taxes on regional businesses would only threaten the government’s plan to use these taxes as a source of funding to meet its spending goals.
He urged the government to consult important stakeholders like the Association of Ghana Industries (AGI) before implementing tax policies.