The Ghana Union of Traders’ Associations (GUTA) has expressed its outrage over the imposition of a 5% Excise Tax on plastic manufacturing companies in the country, demanding its immediate withdrawal.
In a press statement signed by Alpha Shaban, Secretary General of GUTA available to Metro TV, the union described the tax as “obnoxious” and urged the government to alleviate the hardship it would cause.
“We appeal to the government to, as a matter of urgency, stop the implementation of the 5% excise Tax to alleviate hardship in the country,” Shaban said.
GUTA argued that the tax would collapse businesses already suffocating under unbearable taxes, contradicting the government’s industrialization agenda and call for import substitution.
“What economic sense does it make at this time…to impose such a tax on local manufacturing companies?” Shaban questioned.
The union emphasized that the business community could no longer accept additional costs, urging the government to prioritize their plight and that of Ghanaians.
