ADVERTISEMENT

AGI kicks against new taxes

In an exclusive interview with president of AGI James Asare- Agyei, he said given the dire economic conditions industry has had to deal with in 2015, one would have expected that the 2016 budget would map out a critical plan to deal with them.

 

The Association of Ghana Industries  has expressed dissatisfaction at the 2016 Budget's silence on tackling  long standing problems affecting the economy.

In an exclusive interview with president of AGI James Asare- Agyei, he said given the dire economic conditions industry has had to deal with in 2015, one would have expected that the 2016 budget would map out a critical plan to deal with them.

2015 has agreeably been a difficult year for industry and business subsector. A cursory assessment of the manufacturing sector reveals that manufacturers have had  to cut production by close to 50 percent  due to the prevailing energy crisis.

The local currency,  the Ghana Cedi, has also seen close to 30 percent depreciation since November 2014, bringing extreme difficulties on the manufacturing and industrial sectors.

ADVERTISEMENT

James Asare-Adjei added that AGI expected clear- cut plans for tackling the current energy crisis.

There has been talk about possible introduction of more taxes in 2016, even though there was little mention of it in the budget statement.

The AGI president stressed that they will not accept such taxes and levies in  2016.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT