Business News of Wednesday, 6 July 2022
Source: www.ghanaweb.live
2022-07-06We will resist any taxes in the name of IMF bailout conditionality – IEAG to government
Samson Awingobit Asaki, Executive Secretary of Importers and Exporters Association of Ghana
Ghana seeks IMF bailout
We will not agree to additional taxes, IEAG
The government needs to reduce its appointees, IEAG advises
The Importers and Exporters Association of Ghana has stated that it will not accept any additional tax as a result of the conditionalities that will be laid down by the IMF.
In a statement released by
Read full articlethe association, they posited that the port is already choked with taxes and are cautioning the government that they will do everything within their power to resist any additional taxes.
“We also want to state that the business community will do anything and everything to resist any layer of taxes at the Ports in the name of the IMF bailout conditionality”, the association said.
The IEAG believes that going to the IMF is not the best solution to bringing economic relief to the people as this will rather bring untold hardship to Ghanaians.
“We are of a firm conviction that the IMF is not the solution to bringing relief to Ghanaians but rather going to bring us untold hardship that we are already experiencing,” they added.
They further encouraged the government to cut down on its expenditure and avoid wastage by reducing the number of its appointees.
“We are by this, advising government to stick to prudent expenditures and rather cut down all the wasteful expenditure by reducing the numerous government appointees, especially at the Presidency and desist from chattering Private jets for his official International trips but rather resort to the existing presidential jet.”
They are, however, hoping that the IMF will request the government to adopt these measures and not impose conditionalities that will lead to a further deterioration of the ailing economy.
JEA/FNOQ
