The Ghana Food and Beverage Association (FABAG) has stated that it will back any presidential candidate who promises to solve its issues and problems, especially regarding taxes.
Mr. John Awuni, the Chairman of FABAG, in a statement dated Monday, February 12, noted, amongst other things, that the “private sector has been buffeted by an array of different taxes, with overall tax levels constantly rising.”
He added that his association is ready “to hear the position of the flagbearers of the various political parties on the taxes and policies” that they possess that will strengthen their business and help his members.
According to Mr. Awuni, companies are now looking for opportunities or exporting through other West African countries as a result of the numerous levies levied on imports.
“Currently, the private sector is disillusioned, with most players exploring investment options in neighbouring countries such as Togo and Cote d’Ivoire. Most businesses are seeing their working capital disappearing by the day,” it said.
It further stated that members of the FABAG are being urged to cast ballots in the next elections per the policies and taxes that each presidential candidate would propose.
“Indeed, members of our association as well as our employees will be encouraged to vote based on how the various political parties commit to address the key concerns of the private sector.
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“The sector is the engine of growth but currently, the engine is grinding to halt. Business-friendly government policies which constitute fuel and lubricants of a healthy engine have gradually been replaced with business-killer policies. We would like to know how this engine will be re-ignited when a new administration takes power.
“How the sector will be revitalized needs to be clearly articulated and documented in manifestoes. Questions that beg the attention of those seeking the mandate of Ghanaians to govern are as follows: What will be the specific tax policies for imports, manufacturing and the Service sector? How will they make the private sector genuinely profitable if given the mandate?” it quizzed.
“At the moment, most players, including members of our apex association in the private sector feel unwelcomed by the government and viewed as though they are criminals for demanding a break from over-taxation. The attacks, mudslinging and harassment are dispiriting. We don’t feel the backing and support of the State.”