Tag: GUTA
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![GUTA accuses Carlos Ahenkora of bad faith [Audio]](https://citibusinessnews.com/wp-content/uploads/2018/03/GUTA-1.jpg)
GUTA accuses Carlos Ahenkora of bad faith [Audio]
The Ghana Union of Traders Association (GUTA) has threatened to boycott deliberations with the government on getting foreign traders out of Ghana’s retail markets. The threat follows what the union describes as bad faith on the part of the Ministry of Trade and Industry in unilaterally taking a decision to suspend an exercise to remove…
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GSA to clear market of low quality goods from July 1st
The Ghana Standards Authority and the Ghana Union Traders Association (GUTA) are set to embark on a market surveillance exercise to rid the Ghanaian market of substandard products from the first of July 2018. The Ghana Standards Authority is the statutory agency mandated to ensure the quality of safety of goods for local use and…
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Reduced tariffs: Mining firms to save 3 million dollars annually
Businesses particularly those in the mining sector, are expected to save millions of dollars to be channeled into other investments to grow their companies following the reduction in electricity tariffs. The Public Utilities Regulatory Commission (PURC), on Monday, March 5, 2018, announced that electricity tariffs will go down between 10 and 30 percent for various…
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Dr. Nduom backs GUTA’s opposition to ‘new’ GIPC laws
Businessman and Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has declared his support for the Ghana Union of Traders Association (GUTA) over the latter’s resistance to proposed amendments to the GIPC’s laws. According to Dr. Nduom, the move has the likelihood to put local businesses at a disadvantage if not checked properly. Citing some…
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GUTA demands consultation in review of GIPC law
The Ghana Union of Traders Association (GUTA) is demanding the implementation of the Ghana Investment Promotion Council (GIPC’s) law on protecting local enterprises as the Centre works to review aspects of its laws. According to the association, the development which in its view has been given little attention over the years, has affected local businesses…
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GUTA threatens tax evasion over unresolved challenges
The Ghana Union of Traders Association (GUTA) is demanding that government intervenes and solves all their concerns bordering on high charges and foreign invasion in the retail trade. GUTA argues that their concerns if unchecked, will bring local retail trade business on its knees. As part of protests against the development, the traders’ association is…
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Gov’t starts tax stamp policy amidst boycott
Government has stressed that the excise tax stamp policy will not add unto the tax burden of manufacturers and retailers even as it begins to roll out the policy. According to the Ministry of Finance, the policy will encourage tax compliance while protecting the consuming public against harmful and unwholesome products. The excise tax stamp…
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GUTA demands abolishment of import levy
The Ghana Union of Traders Association (GUTA) is making fresh appeals to get the 2 percent special levy scrapped. GUTA argues that the continuous imposition of the charge adds unto the costs of its members and increased their retail prices. The concerns by the traders’ union come at a time that government is collating inputs…
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GRA intensifies tax compliance with e-payment
Small tax payers will henceforth be relieved of the stress and constraint hampering their effective compliance with tax. It comes at the back of the launch of an electronic payment zone (E-Zone) at the Ghana Union of Traders Association (GUTA) office in Accra by the Ghana Revenue Authority (GRA). The move is also with support…
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Businesses push for an overhaul of port clearance processes
Importers and business associations are demanding an overhaul of the revenue collection systems at the various ports in the country. They argue that they are over burdened with taxes which impede the efficient revenue collection and general activities at the ports. The business operators have also threatened to boycott business related activities at the ports…