Excessive tax policies may lead to widespread unemployment – Federation of Labour

The Ghana Labor Federation (GFL) has warned the government to be careful not to overload the manufacturing sector with tax policies as this could lead to widespread unemployment, increase the cost of living and endanger for national security. Abrahma Koomson, secretary of the GFL, said in a statement that given the current financial crisis and the difficult plight of workers, any additional tax burden would lead to collapse. of the industrial sector.

He called on Parliament, in accordance with its constitutional mandate, to ensure good governance for the benefit of ordinary people by overseeing the expenditures of the executive branch. He said a petition was filed with the Speaker of Parliament on February 3, 2023, drawing his attention to the many taxes that struggling businesses are paying and the losses they incur. the harm that additional taxes would do to investments.

He said unions consider drawing Parliament’s attention to the economic challenges facing the poor and vulnerable and the need to avoid this, as well as any upheaval. any society in the country. The Ghana Industries Association, the Ghana Traders Association, the Ghana Food and Beverage Association and the Importers and Exporters Association have expressed similar concerns about the tax levied by the government. with businesses. Congress passed three new taxes last Friday despite calls from some groups to reject the revenue policies. The government intends to generate around 4 billion cedis from the new taxes to boost revenue and also secure a $3 billion bailout from the International Monetary Fund.

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