Saturday, June 14, 2025
Rainbow Radio
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
  • Home
  • General News
  • Governance
  • Sports
  • Politics
  • Health
  • Entertainment
  • Economy
No Result
View All Result
Rainbow Radio Online
Home Business

Ghanaian traders, not Father Christmas so if you introduce new taxes we’II introduce new prices – GUTA to gov’t

November 14, 2023
GUTA-1

The Ashanti regional chairman of the Ghana Union of Traders Association has cautioned the government not to introduce new taxes in the 2024 budget presentation.

Mr. Anthony Oppong says the 2024 budget must focus on measures to alleviate the challenges businesses are facing, not the introduction of new taxes.

RelatedPosts

China has given Ghana a 0% tariff all exports – Ablakwa reveals

GHC1 fuel levy: GPRTU calls off intended strike

GRA postpones GHC1 fuel levy implementation to June 16

The Minister of Finance, Ken Ofori-Atta, is scheduled to present the government’s 2024 Annual Budget Statement and Economic Policy to Parliament on Wednesday, November 15, 2023.

The GUTA chair has recommended the government significantly reduce its expenditures to rescue the struggling economy before the presentation.

He told Nyankonton Mu Nsem on Rainbow Radio 87.5 FM that the introduction of new taxes would further worsen the plight of Ghanaians.

He argued that traders would have no option but to pass on the new taxes to Ghanaians.

According to him, traders are not supposed to be bearing the cost of these new taxes.

He also shot down claims that traders were increasing their products and services without any justifiable reasons.

He explained that the cedi depreciation and the exchange rate are the major reasons why there is price instability in the market.

He said traders have sacrificed a lot for Ghanaians despite the challenges, and if they do not maintain a balance, they will be put out of business.

He further opined that the government should roll out stimulus packages for businesses, considering the challenges they have gone through.

“We expect the government to introduce measures to address the challenges facing the economy,” he said. We spoke with officials and hope that our suggestions and recommendations will be taken into consideration.

We do not anticipate the implementation of new levies. If they fail to use and implement additional taxes, we will be forced to pass them on to Ghanaians. Ghanaian traders are not Father Christmas. When additional taxes are imposed, we cannot obtain loans and sell them at a lower price. If we did that, we’d be out of business.”

By: Rashid Obodai Provencal/Rainbowradioonline.com/Ghana

ShareTweetShareShare

Related Posts

Ghana-China

China has given Ghana a 0% tariff all exports – Ablakwa reveals

June 12, 2025
GPRTU

GHC1 fuel levy: GPRTU calls off intended strike

June 9, 2025
GRA

GRA postpones GHC1 fuel levy implementation to June 16

June 9, 2025
Screenshot_20250608-173239

Berekum West MP Defends Government’s Decision to Impose Additional Energy Sector Levy

June 8, 2025
ASIAMAH

BoG reports GH¢9.49 billion loss for 2024 fiscal year

June 5, 2025
GPRTU

Reverse the GHC1 levy on fuel immediately, or we’ll embark on an industrial action from June 10 – GPRTU

June 5, 2025

Recent News

FB_IMG_1749838047042

Police arrest 19 suspects in connection with illicit drug and robbery activities

June 13, 2025
Screenshot_20250613-170628

Twifo Atti Morkwa MP raises concerns over insufficient teaching staff, impact of illegal mining on education

June 13, 2025
EC-JEAN-

Temporary staff payments are due by June 20 after the Ministry of Finance releases funds – EC

June 13, 2025
GIFTY OAWARE-MENSAH

Gifty Oware-Mensah used service allowances to secure GH¢30m ADB loan – Ayine alleges

June 13, 2025
  • Trending
  • Comments
  • Latest
Muntaka-750x375

Monday, March 31, and Tuesday, April 1, 2025, declared as public holidays

March 23, 2025

Something drastic must be done about prices of property in Ghana-Lawyer

June 14, 2021

Rainbow Radio expands its platform presence on 92.4Fm in UK

September 5, 2022
Screenshot_20230811-133044

17-year-old boy caught having sex with a pregnant dog

August 11, 2023

Hello world!

FB_IMG_1749838047042

Police arrest 19 suspects in connection with illicit drug and robbery activities

travel4

Washington prepares for Donald Trump’s big moment

travel1

CS:GO ELeague Major pools and tournament schedule announced

FB_IMG_1749838047042

Police arrest 19 suspects in connection with illicit drug and robbery activities

June 13, 2025
Screenshot_20250613-170628

Twifo Atti Morkwa MP raises concerns over insufficient teaching staff, impact of illegal mining on education

June 13, 2025
EC-JEAN-

Temporary staff payments are due by June 20 after the Ministry of Finance releases funds – EC

June 13, 2025
GIFTY OAWARE-MENSAH

Gifty Oware-Mensah used service allowances to secure GH¢30m ADB loan – Ayine alleges

June 13, 2025

Stay Connected test

  • 139 Followers
  • 20.2k Followers
  • 205k Subscribers
  • 23.9k Followers
  • 99 Subscribers
Rainbow Radio Online

© 2022 Rainbow Radio International

Navigate Site

  • General News
  • World
  • Sports
  • Business
  • Entertainment
  • Politics
  • Health
  • Opinion
  • Economy
  • Odd News
  • Culture
  • Lifestyle
  • Lifestyle
  • Governance
  • Technology

Follow Us

No Result
View All Result

© 2022 Rainbow Radio International

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version