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NewsGUTA plans to establish social contract with presidential candidates ahead of 2024...

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GUTA plans to establish social contract with presidential candidates ahead of 2024 elections 

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Ghana Union of Traders Association (GUTA) has disclosed its intention to establish a social contract with all presidential contenders in the upcoming 2024 election. 

This initiative aims to foster accountability and transparency from the future head of state, should any of them assume office.

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According to Dr. Joseph Obeng, President of GUTA, the association seeks to hold political aspirants accountable for their pledges and policies, particularly concerning matters affecting the business sector. 

Dr. Obeng stressed the importance of engaging with all presidential hopefuls to evaluate their proposed policies and make well-informed decisions regarding their potential impact on traders and businesses.

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A significant concern raised by GUTA revolves around tax compliance, with Dr. Obeng advocating for the implementation of affordable tax systems and the expansion of the tax base to enhance revenue generation. 

He commended Vice President Dr. Bawumia’s proposal to introduce a flat tax regime, citing its potential to simplify tax obligations for both formal and informal sector participants.

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Dr. Obeng emphasized the crucial role of GUTA’s engagement with political parties, highlighting the responsibility to provide input into their manifestos to facilitate national development. 

He underscored the feasibility of implementing a flat tax rate, drawing on past experiences where similar tax policies yielded positive outcomes.

The proposed social contract between GUTA and presidential candidates underscores the association’s commitment to promoting a conducive business environment and advocating for policies that support economic growth and development. 

By actively engaging with political stakeholders, GUTA aims to influence policy formulation and ensure that the interests of traders and businesses are adequately represented in the political discourse.

As Ghana gears up for the 2024 presidential election, GUTA’s initiative serves as a proactive measure to safeguard the interests of its members and contribute to the overall socio-economic progress of the country. 

The outcome of these engagements is anticipated to shape the policy landscape and guide the future direction of governance in Ghana.

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