The Ghana Union of Traders’ Association (GUTA) has expressed strong disapproval over the imposition of a 5 percent excise tax on plastic manufacturing companies, calling for its immediate withdrawal to prevent the collapse of local businesses.
In a statement issued by the association and signed by its General Secretary, Alpha Shaban, GUTA questioned the “economic sense” of imposing such a tax during a time when the government is promoting industrialisation and import substitution.
The statement described the tax as an “obnoxious” measure that threatens to collapse businesses already “suffocating as a result of unbearable taxes in the system.”
The association emphasised: “The business community can no longer accept any additional layer of cost to doing business.”
GUTA therefore appealed to the government to urgently halt the implementation of the 5 per cent excise tax on plastic manufacturing companies to alleviate economic hardship in the country.
