No Result
View All Result
Saturday, January 28, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    Inflation, debt, and forex crisis is pushing many African economies to the brink – IMF warns

    African countries that could follow Sri Lanka into economic chaos

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Businesses defy Minister’s plea to halt strike

bycitibusinessnews
February 29, 2016
in Local Economy, Top Stories
Businesses defy Minister’s plea to halt strike

Businesses defy Minister’s plea to halt strike

Share on FacebookShare on TwitterShare on Whatsapp

The Minister of State at the Presidency in charge of Public Private Partnership, Rashid Pelpuo, is calling on the Joint Private Business Consultative Forum to reconsider its decision to embark on a three day strike beginning today.

According to him, even though government feels the pressure on businesses because of the introduction of new taxes, a strike is not the solution to the problem.

Members of the Ghana Union of Traders Association (GUTA), Importers and Exporters Association of Ghana, Food and Beverage Importers Association of Ghana, Ghana Institute of Freight Forwarders, Customs Brokers Association of Ghana among others, have declared a three day strike beginning today ,February 29, to Wednesday, March 2, 2016.

ADVERTISEMENT

But Dr. Rashid Pelpuo tells Citi Business News, such increments are aimed at developing the country.

“I can tell you that with all these challenges about taxes compared to the sub region, Ghana’s taxes are still one of the lowest. Besides that, we feel for the private sector and we want to encourage them to invest. We want to create wealth and create value, “The challenge we have is that, the economy is getting transformed, situations are changing. We are beginning to own our policies and initiatives, rather than an imposition from somewhere, mobilizing resources from within is prime in any economy.” Dr. Pelpuo stated.

He further explained, “we do not want to continue to depend on external borrowing. It has become the hallmark of how we relate to the rest of the world. We want to break that chain and ensure that we mobilize funds from within, and that’s how come in order to mobilize funding, you have to tax the people to do it, but we are taxing in ways that will not cripple businesses.”

Three day strike goes on unabated Meanwhile the Joint Private Business Consultative Forum insists their strike is as a result of government’s failure to engage them over the introduction of new and increase in existing taxes. In an interview with Citi Business News, the Executive Secretary of the Importers and Exporters Association of Ghana, Sampson Asaaki Awingobit said, the strike will not be called off until government listens to them.

“As I speak to you I know that we have done a good job and our people are already standing by to comply and the agents have also heated up. If government had listen to our interviews, we were expecting that even as at today (Monday) they would have had a meeting with us and tell us something better so that things will not get out of hand.”

“I can tell you Ghanaians will suffer, the citizens will suffer ;they will get to the market they would not get anything to buy as they very people who will sell and work for the state to get tax revenue are also being over taxed  or double taxed.” Sampson Awingobit remarked.

“We are not saying all that we are asking for, government should meet us hundred percent but at least we think government should be able to meet us half way and when we jaw-jaw we can call of the strike,” the Importers and Exporters Association scribe added.

–

By: Norvan Acquah – Hayford/citifmonline.com/Ghana

Related Posts

Local Economy

Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

bycitibusinessnews

Latest data released by the Bank of Ghana puts Ghana’s total public debt stock as at November 2022, at GHS...

Read more

Govt strikes deal with Insurance Association on debt exchange programme

We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

NCCE Chairperson pays courtesy call on BoG Governor

Tax on agro inputs a threat to agribusiness and food security – Analysts

Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

Assin State College receives Dano “Inner Strength” Award

Next Post
Governor of the BoG, Dr. Kofi Wampah

DKM saga: BoG cannot be fully blamed – Nana Otuo Acheampong

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.