{"id":1257173,"date":"2022-11-24T12:20:00","date_gmt":"2022-11-24T12:20:00","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/24\/agi-makes-strong-demand-ahead-of-2023-budget\/"},"modified":"2022-11-24T12:20:00","modified_gmt":"2022-11-24T12:20:00","slug":"agi-makes-strong-demand-ahead-of-2023-budget","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/24\/agi-makes-strong-demand-ahead-of-2023-budget\/","title":{"rendered":"AGI makes strong demand ahead of 2023 budget"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb\" src=\"http:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/11\/Finance-Minister-Ken-Ofori-Atta-presents-Budget-2022_15-696x464.jpg\"   alt=\"\" title=\"Finance Minister, Ken Ofori-Atta presents Budget 2022_15\"\/><figcaption class=\"wp-caption-text\">Ken Ofori-Atta <\/figcaption><\/figure>\n<\/div>\n<p><iframe loading=\"lazy\" width=\"100%\" height=\"300\" scrolling=\"no\" frameborder=\"no\" allow=\"autoplay\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/1388936170&#038;color=%23ff5500&#038;auto_play=false&#038;hide_related=false&#038;show_comments=true&#038;show_user=true&#038;show_reposts=false&#038;show_teaser=true&#038;visual=true\"><\/iframe><\/p>\n<p>The Association of Ghana Industries (AGI) has proposed for inclusion in the 2023 Budget, a number of interventions it expects would revitalise the productive sector and drive industrialisation towards export promotion. <\/p>\n<p>The 2023 budget is expected to be presented to Parliament on Thursday, 24th November 2022.<\/p>\n<p>In an interview aired on Joy FM Midday News on Wednesday, President of the AGI, Humphrey Ayim-Darke, urged government to introduce a zero-rated import duty on raw materials while reversing the tariff on import products.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>This, when done, according to him, \u201cwould serve as a medium to reactivate the productive sector.\u201d<\/p>\n<p>They also appealed to the government to review the VAT system.<\/p>\n<p>\u201cThe VAT structure as it is, is anti-production \u2026, we have the straight levy, we have the standard levy, we have the levy within the bracket\u2026 VAT should be reversed and possibly should be a clear input and output tax,\u201d he said.<\/p>\n<p>Mr Ayim-Darke also said although the Association does not expect the government to introduce new taxes, they expect government to deploy technology to increase tax compliance on VAT and other tax handles in order to roll on more taxpayers.<\/p>\n<p>\u201cWe are fairly aware that it will be an austerity budget where expenditure on government will be controlled,\u201d he said.<\/p>\n<p><strong>ALSO READ:<\/strong><\/p>\n<p><strong>Ofori-Atta likely to face empty House if he insists on reading 2023 Budget<\/strong><\/p>\n<p><strong>Ofori-Atta to present 2023 budget; says he is \u2018unaware\u2019 of NPP MPs\u2019 threats<\/strong><\/p>\n<p>In a related development, some business owners want government to take strong and decisive measures to curtail the depreciation of the cedi and the rising inflation.<\/p>\n<p>\u201cThe fluctuation of the dollar rate is really frustrating us. If they can make sure that they get a very sustainable dollar rate then business can be good.\u201d<\/p>\n<p>\u201cIf the dollar rate keeps going up, it affects businesses as well as make prices shoot up but should it go down, it also helps us to at least lower our prices for people to buy,\u201d they said.<\/p>\n<p>Meanwhile, the Dean of the School of Business at the University of Cape Coast (UCC), Professor John Gatsi wants government to prioritise cutting expenditure.<\/p>\n<p>He added that some of the government\u2019s flagship programmes should be rationalised.<\/p>\n<p>Similarly, the Director of the Institute of Statistical, Social and Economic Research, Professor Peter Quartey wants government to cut down on its expenses for the 2023 fiscal year.<\/p>\n<p><strong>Play audio above:<\/strong><\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"ts6kOBUzuT4\"><iframe loading=\"lazy\" title=\"Communal V!olence: Nchumuru chiefs call for peaceful co-existence - Adom TV News (23-11-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/ts6kOBUzuT4?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ken Ofori-Atta The Association of Ghana Industries (AGI) has proposed for inclusion in the 2023 Budget, a number of interventions it expects would revitalise the productive sector and drive industrialisation towards export promotion. The 2023 budget is expected to be presented to Parliament on Thursday, 24th November 2022. In an interview aired on Joy FM [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1257175,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[1426,260,4586,1155,1167],"class_list":["post-1257173","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-agi","tag-ahead","tag-budget","tag-demand","tag-strong"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1257173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1257173"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1257173\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1257173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1257173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1257173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}