The Ghana Union of Traders (GUTA) says it is expecting the 2025 budget to stabilise the economy and make living conditions better.
President of GUTA, Dr. Joseph Obeng, in an interview on Frontline on Rainbow Radio 87.5FM, said it is their expectation that the government deliver on its promises to them.
“The most important thing we expect is for the government to stabilise the economy. We also want the government to roll out measures that will help the cedi appreciate against the dollar. If we are able to do this, it will help reduce inflation and interest rates and improve other economic indicators, especially the exchange rate.”
He told host Kwabena Agyapong that these are the expectations of traders in the country, and should the government do that, it will go a long way in expanding businesses.
Dr. Obeng further hinted that the cost of doing business in the country was expensive, and it was important for authorities to address it.
He complained that the implementation of the Value Added Tax (VAT) was poor, and it was proper to make it simplified, affordable, and, above all, uniform.
The GUTA president touched on the cost of duty, saying there are currently 22 cost items, which they expect to be reduced with all the nuisance taxes removed.
He asked the NDC to implement its fixed duty policy for spare parts importers as captured in its manifesto.
By: Rainbowradioonline.com/Ghana
