GAWU fights 12.5% tax on agribusiness
In a statement, GAWU accused government of abandoning its goal of attracting long-term investments into rural agriculture, by implementing tax policies which offer tax exemptions to businesses that invest in agriculture outside regional capitals.
In a statement, GAWU accused government of abandoning its goal of attracting long-term investments into rural agriculture, by implementing tax policies that offer tax exemptions to businesses that invest in agriculture outside regional capitals.'
‘Sizable investments into rural agriculture and offered relatively decent employment to many people including young women and men, who otherwise would have migrated into congested urban Ghana in search of elusive white-collar jobs,’ the statement said.
GAWU said the tax imposition is bound to ‘have adverse impact on rural agriculture and livelihoods.’
‘The policy shift from a zero-related taxation to 12.5 percent tax, is inappropriate and bound to have adverse impacts on rural agriculture and livelihoods.’
‘There are already strong indications that businesses with massive investment in rural agriculture and agro-processing are re-thinking their investment models. And the thinking is in the direction of disinvestment. The consequences can be catastrophic for rural employment and livelihoods,’ the statement added.
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