Manufacturers demand tax reforms

Domestic manufacturers have criticized Ghana's current tax regime as counter-productive, urging the next government to implement meaningful reforms in its first budget to restore industry confidence.

Dr. Humphrey Ayim Darke, President of the Association of Ghana Industries (AGI), cited concerns over VAT, import duties on raw materials, and discounts on imports of locally producible goods.

He emphasized the need for comprehensive reforms to accelerate recovery from the economic crisis, alongside incentives for producers.

At AGI’s 64th Annual General Meeting, Dr. Ayim Darke highlighted the resilience of Ghanaian industrialists amidst global disruptions.

Meanwhile, the Ghana Export Promotion Authority (GEPA) reported growth under the National Export Development Strategy, with non-traditional exports rising to nearly US$4 billion in 2023.

GEPA plans to further empower SMEs and exporters, especially women and youth, to achieve its 2029 export goals. AGI reaffirmed its commitment to fostering industrial growth and sustainability through policy advocacy.