The Industrial and Commercial Workers’ Union(ICU-Ghana), has called for a reduction of the o25% Corporate Tax on the returns of the Rural and Community Banks.
The ICU-GHANA General Secretary, Morgan Ayawine, described current 25 per cent, as one which undoubtedly was affecting the growth, development and sustainability of the
Rural and Community Banks.
He said, fiscal policies must be geared to supporting the rapid and sustainable growth of the Rural and Community Banks.
Mr. Ayawine said this on Thursday, March 2025, at the union’s Northern Regional Conference, in Tamale.
The ICU-Ghana is currently holding its regional conferences across the country, ahead of the 12th Quadrennial Delegates’ Conference, slated for August this year.
Mr. Ayawine, also called on the government to facilitate the release of the locked-up funds of the Rural and Community Banks at Gold Coast Investments to help the Rural and Community Banks prosecute their business and remain relevant in the banking sector of the economy.
Bailout PBC PLC
Mr. Ayawine, raised issues with the operations of PBC PLC, which has been seriously handicuped over the years, due to lack of funds to conduct its business i.e. buying of cocoa beans and shea nut.
“In this light, we wish to use this platform to appeal to Government to urgently bailout PBC Plc to enable it bounce back to business.”
Mr. Ayawine also addressed the Upper East ICU-Ghana Regional Conference in Bolgatanga, on Friday, March 28,2025, where he made critical case for the reactivation of Pwalugu Tomato Factory which has been abandoned over the years, while the people remain unemployed.
Reactivating that factory will create huge job avenue and also save the nation the huge foreign exchange used to import tomatoes into the country.
The ICU-Ghana, also appealed to Government to seriously consider the construction of a Dam at Pwalugu, as its economic benefits would be enormous.
According to the ICU-Ghana General Secretary “the growing phenomenon of unemployment in the country which is the cause of unbridled youth migration calls for serious attention and action to stem this tide to enable the youth remain in the rural areas to contribute to the socio-economic development of the country.”
The initiative by Government to construct a dam at Pwalugu in addition to existing dams in the Upper East Regions will greatly aid and improve agricultural venture among other economic activities in the Region.
Mr. Ayawine, in his address in Tamale and Bolga, reiterated the need to management and labour unions to consciously promote harmonious relations at the workplaces, in the country, to enhance productivity and quality service delivery.
“Productivity suffers when there is no peace and harmony within the arena of labour relations,”, he added .