Kumasi traders lock up shops to protest economic crunch, tax burden - The World's Biggest Pride
Home / BUSINESS NEWS / Market / Kumasi traders lock up shops to protest economic crunch, tax burden

Kumasi traders lock up shops to protest economic crunch, tax burden

Locked shop

Some traders in the Ashanti regional capital, Kumasi have on Monday, October 10, 2022 locked up their shops in protest of the free fall of the local currency – Cedi, high cost of doing business, collection of exorbitant taxes by government, among others.

According to the traders within the central business district, the demonstration will last for three days.

They explained that the protest also aims at kicking against the decision by the Ghana Revenue Authority (GRA) to station their officers at each shop to record Value Added Tax (VAT) on products they sell.

“We want the government to come and dialogue with us. The cost of doing business is high due to tax and the Cedi performance. We have been using our profit margins to pay tax which is not fair,” a trader told TV3.

Most of these traders partaking in the demonstration deal with food commodities, among others.

The traders are however calling on government to reduce the taxes on businesses.

CLICK HERE TO DOWNLOAD PRESS RADIO MOBILE APP

Meanwhile, traders within Magazine, Sokoban wood factory are expected to join the ongoing protest.

 

Source: www.ghanaweb.com

About admin

Check Also

Kumasi fishmongers reject ‘killer’ 30% Electricity tariff increment

Fishmongers at Asafo in the Kumasi Metropolis say high electricity and water tariffs and multiplicity …

GRIDCo completes refurbishment work on Aboadze-Tarkwa transmission line

Refurbishment work on the series of broken Optical Ground Wire (OPGW) strands and rusted bolts …

Chief Director of Works and Housing retires

The Chief Director of the Ministry of Works and Housing, Mr. Solomon Atiim Asoala has …

Leave a Reply

Your email address will not be published. Required fields are marked *

WP Twitter Auto Publish Powered By : XYZScripts.com