Manufacturing is being hampered by 14-taxes on imported uncooked supplies – GFL

According to Mr. Abraham Koomson, General Secretary of the Ghana Federation of Labour (GFL), the manufacturing business is being severely hampered by the over 14 levies which can be levied on the importation of uncooked supplies.

To ensure that the manufacturing sector to outlive, he has thus urged the federal government and the Ghana Income Authority (GRA) to take into consideration revisiting the tax construction and abolishing a few of the tariffs on the importation of uncooked supplies.

Talking on the Ghana Information Company Tema Industrial Information Hub Boardroom Dialogue, Mr. Koomson stated that the nation’s industrial sector was being slowly crippled by the extreme taxes of uncooked materials imports and that instant motion was wanted.

He mentioned the taxes on the raw materials as Import Duty, Import Value Added Tax (VAT), National Health Insurance Levy (NHIL), Covid-19 Levy, GETFund Levy, Web Fees, ECOWAS Levy, and Shippers Levy.

Others are the Disinfection Price, Ministry of Commerce, and Business (MOTI) E-One District One Manufacturing facility Price, Inspection Price, African Union Levy, Particular Import Levy, and EXIM Levy.

“How are you going to produce with such taxes round your neck and suffocating you, that’s the reason all the businesses are operating down,” he lamented.

Mr Koomson reminded the Authorities that with such large taxations, manufacturing industries couldn’t produce at aggressive costs and nonetheless breakeven resulting in most of them shutting down their operations.

He indicated that the GFL was in talks with the Affiliation of Ghana Industries (AGI) to collectively sort out the difficulty; including that different stakeholders would even be contacted for his or her inputs on the overburdened taxes on uncooked supplies.

He disclosed that the Ghana Federation of Labour had already written to the GRA for a gathering to debate the difficulty amongst others including that they had been additionally contemplating petitioning Parliament on the taxes to make sure that the industries survived and offered the wanted jobs for the big unemployed youth.

“If nothing is completed about it, it’s going to wreck the entire system down and unemployment will proceed to extend,” he added.

Supply: Ghanaweb

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