The Ghana National Chamber of Commerce and Industry (GNCCI) has warned the government not to introduce new taxes or increase existing taxes in the 2025 budget.
According to the Chief Executive Officer of the chamber, Mark Badu-Aboagye, the business community will resist any attempt to impose new taxes after the electronic levy (e-levy) and other taxes are scrapped.
“If the Minister of Finance or the government, for that matter, scraps the betting tax and the e-levy and tries to find another way to introduce a different tax in the budget, we are going to resist it, I can assure you,” he said on PM Express.
He assured that the chamber will collaborate with the government to compel other businesses to pay their taxes.
This move, he explained, will be vital in helping the government rake in more revenue in the future.
“We want to assure him that we will work with them to identify businesses that do not want to pay taxes,” he stressed.
He also emphasized the need to add value to raw materials and reduce the importation of some products.
Mr. Badu-Aboagye urged the government to find innovative ways to support local businesses and industries.
“Let’s work on protecting our local currency in the short to long term. We have the capacity to produce most of the things we import, and that’s where we need to focus,” he said.
“If we make a conscious effort to reduce our imports and produce here, we can save the Ghana cedi. But if we continue to import, then the cedi will continue to depreciate,” he added.
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