By Elizabeth PUNSU, Kumasi
Anthony Oppong, Chairman of the Ghana Union of Traders Association (GUTA) in the Ashanti Region, has reiterated calls for the government to abolish the COVID-19 levy.
He argues that these taxes are burdening traders’ revenue, especially since the COVID-19 has been declared by the World Health Organisation as no longer a pandemic. Despite the initial intention for the special import levy to last for only two years, it has been in effect for close to six years, according to Oppong.
“We know the government is generating revenue from the COVID-19 levy, but this revenue comes at the expense of collapsing our businesses, which is not beneficial for us. Therefore, the government must take action. Additionally, for those of us involved in importing, there is a special import levy. Initially introduced as a sunset levy meant to last for only two years, it has been in effect for close to six years,” he said.
Oppong made these remarks during a Small Medium Enterprise (SME) Business Interaction series organised by Access Bank in partnership with Deloitte Ghana in Kumasi. He urged the government to reconsider these levies to prevent the collapse of businesses.
In his welcome address, Kafui Bimpe, Group Head of Business Banking at Access Bank Ghana, highlighted the importance of equipping SMEs with modern tools and strategies to succeed and compete internationally.
The series aim to facilitate meaningful conversations, exchange ideas and address the challenges and opportunities in today’s business environment.
Kwabena Antwi Situ, Assurance Partner from Deloitte Ghana, emphasised Deloitte’s commitment to supporting SMEs through capacity-building clinics, workshops, advisory services, networking opportunities, access to markets and financial support.
The partnership between Deloitte and Access Bank aims to assist 10,000 SMEs and trade associations within a year.
