The Ghana Union of Traders Association (GUTA) has voiced its disappointment with the government’s decision to extend the removal of the 2% Special Import Levy until 2028. GUTA had expected the levy to be eliminated, but instead, the government has chosen to prolong its implementation.
According to Clement Boateng, Vice President of GUTA, the extension will only serve to sustain high business costs and place an additional financial burden on traders. Boateng emphasized that traders had engaged with political leaders, including President John Dramani Mahama, to advocate for the levy’s removal.
GUTA argues that retaining the tax contradicts efforts to ease the cost of doing business and support trade growth. Boateng appealed to the government to reconsider its decision, hoping that the levy’s removal will be included in next year’s budget, which would have a positive impact on businesses.
The association’s concerns highlight the challenges faced by traders in Ghana, who are already dealing with high costs and regulatory hurdles. GUTA’s advocacy efforts aim to create a more favorable business environment, and the government’s response will be closely watched by traders and investors alike.
Ruth Abla ADJORLOLO
