The Ghana Union of Traders' Associations (GUTA) has expressed optimism in the upcoming 2025 Budget Statement of the new Government.
GUTA says they expect the budget to be business-friendly.
in a statement issued by its President Dr Joseph Obeng, GUAT said that the assurance given by the Government to reduce the cost of doing business in the country by streamlining the tax system and effectively reducing taxes, duties and levies is a step in the right direction. "With this approach, we fervently expect that all nuisance taxes will be scrapped to considerably prune down the number of numerous taxes that impede the growth of business in the country.
The Value Added Tax (VAT) will be restructured to be more simplified, affordable and uniform. "The weekly or biweekly use of the Bank of Ghana Dollar Rate to determine duty payment at the ports should be pegged quarterly or bi-annually for the purpose of clearing goods.
