ADVERTISEMENT
Businesses are collapsing under Nana Addo - Kennedy Agyapong
Kennedy Agyapong has advised the government to put in stringent measures to arrest skyrocketing taxes, most of which he believes are illegal.
President Nana Addo Dankwa Akufo-Addo
Recommended articles
He has advised the government to put in stringent measures to arrest skyrocketing taxes, most of which he believes are illegal.
He said high taxes "doesn’t make sense" and collapsing many businesses. He stated that Ghanaians are losing their means of employment.
He said "Let me tell you, I went to Tema Mankuazi lane. From Mankuazi someone said he was selling a piece of land and I went to see. I was told the two adjourning plots were also for sale it was from there I realized the situation is serious!
ADVERTISEMENT
"The government has to help these industries…local industries. What I observed was that almost all the factories lined up from Mankuazi to VALCO roundabout have all collapsed."
The government had said in its budget to parliament that it had scrapped an existing one percent special import levy and some additional seven taxes.
But the maverick MP said the situation at the ports could cripple local businesses if care is not taken.
Kennedy Agyapong
ece-auto-gen
ADVERTISEMENT
"Fortunately, one of the guys was still around, they produce aluminum, an Indian. I asked him why they were selling off the factories but in response, he told me the owe CAL Bank and they have to sell to go and pay their debt," he said.
"Initially, he told me the workers had gone on break unknown to him I was also a businessman. He was funny because if you produced in large scale and you have a good market will you all staff to go on break? At least half will go, half will stay that was when he took me into his office.
"The raw materials for the production of the aluminum he pays duty, he pays VAT, all ECOWAS charges everything paid on it … So what have you done to the local industry? By the time he is done, the cost of electricity is too high and all other factors of production except labor. It is high everywhere in the world but Ghana is so high. Except for labour that is cheap in Ghana everything is so high," Kennedy Agyapong stressed.
"Your aim is tax. You can tax the workers when you create a lot of employment. Right now you have taxed everything and companies are collapsing it does not make sense. If I get time I will meet the President will tell him physically what I saw in Tema. It started long ago but when I speak they refused to listen to me. Why is that the economy of America was doing well under Obama?" he quizzed.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.com.gh
Recommended articles
NDC accuses Nana Addo of attempting to cover-up corruption in KPMG report on SML deal
Bible miraculously survives as fuel tanker catches fire on Accra-Kumasi Highway
I’ll provide incentives to churches and mosques when I become President – Bawumia
Obsolete BVDs: EC engaged in 1 Day 1 Lie project so far — Dafeamekpor
Newly constructed Ghanaian road with electric pole in the middle sparks concern
Dr. Apenteng writes: The alarming truth about HIV/AIDS in Ghana revealed
Richard Tetteh, 35, confesses to killing 3 women for restaurant owner for GHC1500
Ghana Health Service to embark on COVID-19 vaccination exercise on Saturday, May 4
