We’re disappointed by the passage of 3 new taxes – Food and Beverages Association

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The Food and Beverages Association of Ghana (FABAG) has expressed disappointment with the approval of the government’s three new revenue tax bills.

Parliament on Friday, March 31, 2023, passed all three revenue bills, the Excise Duty Amendment Bill 2022, the Growth and Sustainability Levy Bill, 2022, the Ghana Revenue Authority Bill 2022, and the Income Tax Amendment Bill 2022.

The three new taxes that the government has introduced has sparked complaints from Ghanaians.

Opposers fear that the plan will force small business owners and others with lower incomes out of the digital economy.

John Awuni, a representative for the Food and Beverages Association, expressed disappointment that Ghana’s parliamentarians ignored the cries and agitations of the populace and yet proceeded to pass the bills.

“We feel very disappointed that the three tax bills were passed by the Parliament of Ghana, especially supported by the NPP MPs when no one was consulted on the new bills. We are disappointed in this action and the MPs must realize that they are representing the people of Ghana and not themselves,” he said.

He indicated that the Association petitioned Parliament but the lawmakers disregarded it and went ahead to pass the bill.

He said: “We petitioned the Speaker of Parliament, the Trade Committee, and the Finance Committee and even petitioned the Majority and Minority Leaders in Parliament, but Parliament still went ahead and passed the bills.

“We could have all dialogued and found different ways of achieving results without hurting businesses, but they went ahead and approved the bills with impunity simply because they have the power and authority.”

“We are calling on the government to suspend these laws and engage us to find ways to achieve the target without hurting businesses,” he noted.

The bills are expected to generate about GH¢4 billion annually.

Following the shocks of COVID-19 and the Russia-Ukraine war, the government claimed that the tax bills would enhance Ghana’s economic condition by strengthening domestic revenue.

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