Tag: GUTA
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Don’t reverse the 50% reduction in benchmark values – GUTA appeals
The Ghana Union of Traders Associations (GUTA) wants the government to abort plans to scrap the 50% reduction in benchmark values. GUTA insists that, if the reversal is carried through, it will adversely affect their businesses. There are rumours that government intends to reverse the 50% reduction in benchmark values introduced about two years ago.…
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GUTA calls for collaboration with government on 1D1F
The Ghana Union of Traders Association (GUTA) is calling on the government to align the trading community to its one district one factory initiative. GUTA argues that as traders, they can play a significant role in the success of the program, adding that they can serve in the distribution of products from the factories. President…
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GUTA expresses concerns over closure of China’s Ningbo-Zhoushan port
The Ghana Union of Traders Associations (GUTA) has raised concerns over the partial closure of one of China’s major ports, the Ningbo-Zhoushan Port. According to the association, this poses a major concern as China is a major source of goods imported into Ghana. President of GUTA Dr Joseph Obeng stated that “It is going to…
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GUTA commends Bagbin for addressing concerns raised over alleged review of GIPC Act
The Ghana Union of Traders Association (GUTA) has commended the Speaker of Parliament, Alban Bagbin for addressing concerns they raised over a purported review of the GIPC Act 2013, Act 865. The Speaker of Parliament is reported to have hinted of a review of the GIPC Act to exempt the capital requirement for Nigerian retailers…
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Halt implementation of Insurance Act 2021 – GUTA to Government
The Ghana Union of Traders Association (GUTA), is calling for the suspension of the implementation of the Insurance Act 2021 due to some clauses the association finds problematic. Per the law, importers are to insure their goods only with local insurance companies. The law also prescribes a jail sentence for importers who do not comply…
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GUTA welcomes GRA’s decision to collect taxes digitally
A little over a week since the Ghana Revenue Authority (GRA) decided not to accept personal and corporate cheques for the payment of taxes and levies in any of its offices, President of the Ghana Union of Traders Association (GUTA), Dr. Joseph Obeng says businesses are hopeful the move will help government achieve its revenue…
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GUTA cautions against reversal of 50% reduction in benchmark values
The Ghana Union of Traders Association (GUTA), is cautioning government against any attempt to reverse the 50% reduction in benchmark values. The warning, according to GUTA, follows attempts by the Association of Ghana Industries (AGI) to get government to cancel it. Benchmark values are reference values that Customs uses in determining taxes and duties on…
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GUTA welcomes GRA’s digitalisation move but raises security concerns
The Ghana Union of Traders Association has welcomed the recent announcement by the Ghana Revenue Authority to digitize payments for its services. In an interview with Citi Business News, the President of GUTA, Dr Joseph Obeng commended GRA for the latest initiative. “That is the new norm. The world is changing towards digitization, and so…
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GUTA to meet AMA over forceful take-over of electrical stalls at Opera Square
The Ghana Union of Traders Associations (GUTA) intends to later today, meet with officials of the Accra Metropolitan Assembly (AMA) over Monday’s demolition exercise and take-over of stalls at the Opera Square in Accra. GUTA says the meeting is to unravel circumstances leading to the siting of some containers by an unknown private developer possibly…
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Don’t introduce new direct taxes – Ashanti Regional GUTA to government
Ahead of the 2021 budget statement to be presented in Parliament, the Ashanti Regional branch of the Ghana Union of Traders Association, GUTA is urging government not to introduce new direct taxes that have the potential of affecting their businesses. In order to relieve them of the harsh impact of the coronavirus pandemic, GUTA wants…