We won't accept additional taxes from IMF deal – IEAG to gov’t
Members of the Importers and Exporters Association of Ghana (IEAG), have cautioned the government that they will not accept any additional tax components in the ongoing engagement with the IMF for a bailout to salvage the ailing economy.
The IEAG said they know that engagement with the IMF comes with so many conditional ties which include the introduction of taxes but the business community will do anything and everything to resist any layer of taxes at the Ports in the name of the IMF bailout conditionality.
The importers and exporters are, thus, advising the government to stick to prudent expenditure and rather cut down all the wasteful expenditure by reducing the numerous government appointees especially at the Presidency and desist from chattering private jets for his official international trips but rather resort to the existing presidential jet.
The Association is also calling on the President to direct his Ministers to park down all V8 and resort to saloon cars. They further want all allowances to Ministers and Deputies to be completely cut off since in their view, it is draining the already limited resources in the kitty.
“Finally, we by this join calls on the need for the President to dismiss his Finance minister Ken Ofori-Atta and Bank of Ghana Boss, Dr. Ernest Addison because they have failed to live up to expectations by ensuring to bring the ailing economy to a recovery path,” the association said in a statement.
The importers and exporters noted that the IMF is not the solution to brining relief to Ghanaians but rather going to bring untold hardship that Ghanaians are already experiencing.
The IMF delegation will be in the country today, Tuesday, 5 July 2022, and begin engagements with representatives from government for a bailout on Wednesday, 6 July 2022.
Trending Business
KPMG's report confirms we haven’t been paid $100m - SML
09:50We are committed to helping build a better Ghana - SML
09:26SML paid ¢1bn since 2018 – KPMG audit report reveals
12:06Recapitalisation of NIB will not solve its challenges without good corporate governance – Banking consultant
11:42SML/GRA contract brought GH¢2.45bn in tax revenues to the state – KPMG report
10:14Renegotiate SML contract - Akufo-Addo to GRA, Finance Ministry
09:41Ghana signs agreement with CNNC for construction of HPR 1000 Technology Nuclear Power Project, upgrade of Ghana’s grid
08:44A/R: Evicted Kwadso onion market traders stranded as relocation site deemed inadequate
07:46CRM to bring LPG closer to consumers – NPA boss
11:29Taxing foreign incomes of Ghanaians: GRA clarifies decision
10:17