- GUTA fears the tax will lead to the collapse
- GUTA wants government to scrap the 5% Excise Tax
- A weakened Ghanaian cedi roars
The Ghana Union of Traders Association (GUTA) is calling for the immediate withdrawal of the newly imposed 5% Excise Tax on plastic manufacturing companies.
Concerns about Impact on Businesses
- GUTA fears the tax will lead to the collapse of plastic manufacturers, already struggling with:
- A weakened Ghanaian cedi (currency)
- Rising utility tariffs
- Multiple existing taxes
Questioning the Policy’s Logic
- GUTA argues the tax contradicts the government’s goals of:
- Industrialization
- Import substitution
Impact on Consumers
- GUTA implies the tax will ultimately burden consumers through higher plastic product prices.
- They emphasize the business community can’t handle additional costs.
Call to Action
- GUTA urges the government to scrap the 5% Excise Tax to ease hardships for businesses and Ghanaians.
