{"id":198183,"date":"2024-07-09T16:29:15","date_gmt":"2024-07-09T16:29:15","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/"},"modified":"2024-07-09T16:29:15","modified_gmt":"2024-07-09T16:29:15","slug":"any-form-of-new-tax-will-kill-private-businesses-isser-to-govt","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/","title":{"rendered":"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Director of the\u00a0Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has advised government against the potential introduction of new taxes in the upcoming Mid-Year Budget Review.<\/strong><\/p>\n<p>He emphasized that such measures could severely hamper private sector growth in Ghana, which is already struggling under the current economic conditions.<\/p>\n<p>The Finance Minister is set to present the Mid-Year Budget later this month, and Prof. Quartey has voiced strong opposition to the introduction of new taxes.<\/p>\n<p>He argued that private enterprises are currently grappling with significant challenges due to the ongoing economic difficulties in the country, compounded by stringent policies from the International Monetary Fund (IMF) program, including debt restructuring initiatives.<\/p>\n<p>\u201cWe do not want to see new taxes. It is certainly going to kill the private sector. Looking at government\u2019s own programmes and policies, bringing new taxes will kill the private sector,\u201d Prof. Quartey warned during an interview with Joy Business.<\/p>\n<p>He advocated instead for the removal of some existing\u00a0taxes\u00a0to alleviate the burden on businesses.<\/p>\n<p>Prof. Quartey highlighted that the government could improve revenue collection by better coordinating and implementing the existing tax framework.<\/p>\n<p>\u201cGovernment must heed to the call not to introduce higher taxes but design measures to make the existing levies work,\u201d he suggested.<\/p>\n<p>He also referenced the innovative policy ideas proposed by Vice President Dr. Mahamudu Bawumia, urging that these be incorporated into the Mid-Year Budget Review to provide much-needed relief to businesses.<\/p>\n<p>\u201cWe have seen some statements from the Vice President and the flagbearer of the New Patriotic Party (NPP). I believe they can work in the budget,\u201d Prof. Quartey noted.<\/p>\n<p>He further argued that these forward-thinking policies should not be reserved merely for campaign promises to be implemented post-2024 elections but should be integrated into the current economic strategy to foster growth and stability.<\/p>\n<p>tigpost.co <\/p>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Director of the\u00a0Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has advised government against the potential introduction of new taxes in the upcoming Mid-Year Budget Review. He emphasized that such measures could severely hamper private sector growth in Ghana, which is already struggling under the current economic conditions. The Finance Minister is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":198184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-198183","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013 - 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\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Director of the\u00a0Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has advised government against the potential introduction of new taxes in the upcoming Mid-Year Budget Review. He emphasized that such measures could severely hamper private sector growth in Ghana, which is already struggling under the current economic conditions. The Finance Minister is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-09T16:29:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"754\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013\",\"datePublished\":\"2024-07-09T16:29:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/\"},\"wordCount\":320,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/\",\"name\":\"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013 - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp\",\"datePublished\":\"2024-07-09T16:29:15+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp\",\"contentUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp\",\"width\":754,\"height\":424},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/09\\\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\",\"name\":\"Ghana News\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g\",\"caption\":\"Ghana News\"},\"sameAs\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\"],\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/author\\\/ghanamma\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013 - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/","og_locale":"en_US","og_type":"article","og_title":"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013 - Ghanamma.com","og_description":"Director of the\u00a0Institute of Statistical, Social and Economic Research (ISSER), Professor Peter Quartey, has advised government against the potential introduction of new taxes in the upcoming Mid-Year Budget Review. He emphasized that such measures could severely hamper private sector growth in Ghana, which is already struggling under the current economic conditions. The Finance Minister is [&hellip;]","og_url":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/","og_site_name":"Ghanamma.com","article_published_time":"2024-07-09T16:29:15+00:00","og_image":[{"width":754,"height":424,"url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp","type":"image\/webp"}],"author":"Ghana News","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Ghana News","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/"},"author":{"name":"Ghana News","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"headline":"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013","datePublished":"2024-07-09T16:29:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/"},"wordCount":320,"commentCount":0,"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp","articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/","url":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/","name":"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013 - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2024\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#primaryimage"},"image":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#primaryimage"},"thumbnailUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp","datePublished":"2024-07-09T16:29:15+00:00","author":{"@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5"},"breadcrumb":{"@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#primaryimage","url":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp","contentUrl":"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/Director-of-the-Institute-of-Statistical-Social-and-Economic-Research-ISSER-Professor-Peter-Quartey.jpeg.webp.webp","width":754,"height":424},{"@type":"BreadcrumbList","@id":"https:\/\/www.ghanamma.com\/2024\/07\/09\/any-form-of-new-tax-will-kill-private-businesses-isser-to-govt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.ghanamma.com\/2024\/"},{"@type":"ListItem","position":2,"name":"Any form of new tax will kill private businesses \u2013 ISSER to gov\u2019t \u2013"}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2024\/#website","url":"https:\/\/www.ghanamma.com\/2024\/","name":"Ghanamma.com","description":"Ghana mma provides breaking news, top stories in Ghana, Africa, business, entertainment, politics and more.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2024\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.ghanamma.com\/2024\/#\/schema\/person\/c70749f3edfbfcd92d45e933f0fe10b5","name":"Ghana News","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/22cb97c2b08df229330efb2b8c2645feaae8d3ca3ee434035fbb668b5b82f570?s=96&d=mm&r=g","caption":"Ghana News"},"sameAs":["https:\/\/www.ghanamma.com\/2024"],"url":"https:\/\/www.ghanamma.com\/2024\/author\/ghanamma\/"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/198183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/comments?post=198183"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/posts\/198183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media\/198184"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/media?parent=198183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/categories?post=198183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2024\/wp-json\/wp\/v2\/tags?post=198183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}