{"id":25635,"date":"2023-03-08T06:09:59","date_gmt":"2023-03-08T06:09:59","guid":{"rendered":"https:\/\/www.ghanamma.com\/2023\/03\/08\/agi-calls-for-reduction-in-taxes-ahead-of-state-of-the-nation-address\/"},"modified":"2023-03-08T06:09:59","modified_gmt":"2023-03-08T06:09:59","slug":"agi-calls-for-reduction-in-taxes-ahead-of-state-of-the-nation-address","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2023\/03\/08\/agi-calls-for-reduction-in-taxes-ahead-of-state-of-the-nation-address\/","title":{"rendered":"AGI calls for reduction in taxes ahead of State of the Nation Address"},"content":{"rendered":"

<\/p>\n

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The Association of Ghana Industries (AGI) is calling on President Nana Addo Dankwa Akufo-Addo to intervene in providing innovative ways of broadening the tax net rather than slapping additional taxes that overburden private businesses. <\/span><\/p>\n

The Association believes government\u2019s plans of introducing a 2.5% Growth and Sustainability Levy and 20% Excise Duty on beverage companies may cause a lot of businesses to close down. <\/span><\/p>\n

The Greater Accra Regional Chairman of the Association of Ghana Industries (AGI), Tsonam <\/span>Cleanse<\/span> Akpeloo made the call ahead of the President\u2019s State of the Nation Address scheduled for March 8, 2023.<\/span><\/p>\n

\u201cThere are several taxes that are being levied on industries on a daily basis. We already pay VAT. As I speak to you, there\u2019s a growth and sustainability levy which is 2.5% on profit before tax which is a bill before Parliament. This will bring an additional tax burden on industries. We have also got the excise duty bill which is proposing to introduce about 20% levy on beverage companies, and actually increasing the levy on bottled water from 17.5% to 20%,\u201d Tsonam Akpeloo lamented.<\/p>\n

\u00a0<\/p>\n

https:\/\/www.youtube.com\/watch?v=\/q-JjCV9lWXo<\/a><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The Association of Ghana Industries (AGI) is calling on President Nana Addo Dankwa Akufo-Addo to intervene in providing innovative ways of broadening the tax net rather than slapping additional taxes that overburden private businesses. The Association believes government\u2019s plans of introducing a 2.5% Growth and Sustainability Levy and 20% Excise Duty on beverage companies may […]<\/p>\n","protected":false},"author":1,"featured_media":2406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-25635","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nAGI calls for reduction in taxes ahead of State of the Nation Address - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2023\/03\/08\/agi-calls-for-reduction-in-taxes-ahead-of-state-of-the-nation-address\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AGI calls for reduction in taxes ahead of State of the Nation Address - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The Association of Ghana Industries (AGI) is calling on President Nana Addo Dankwa Akufo-Addo to intervene in providing innovative ways of broadening the tax net rather than slapping additional taxes that overburden private businesses. 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