{"id":66341,"date":"2024-02-08T06:45:50","date_gmt":"2024-02-08T06:45:50","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=66341"},"modified":"2024-02-08T06:34:09","modified_gmt":"2024-02-08T06:34:09","slug":"emission-tax-insensitive-anti-business-fabag","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag","title":{"rendered":"Emission tax insensitive, anti-business \u2013 FABAG"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The Food and Beverage Association of Ghana (FABAG) has described the Emissions Levy Act, 2023 (Act 1112) as insensitive and anti-business.<\/b><\/p>\n

The tax is based on the carbon dioxide equivalent emissions of automobiles with internal combustion engines. FABAG has since joined calls for the government to abolish the new tax handle.<\/p>\n

In a press release, the Food and Beverage Association of Ghana President, John Awuni, characterised the tax as an anti-business, premature, and ineffective measure that will worsen the plight of businesses and common Ghanaians.<\/p>\n

\u201cAside from taxing motor bikes and vehicles of various categories, the tax also seeks to measure carbon of industries and charge them appropriately. We find this tax especially the aspect that affects industry in the country as highly insensitive and totally anti-business,\u201d the statement said.<\/p>\n

\u201cConsidering the struggles of Ghanaian industries and businesses post Covid 19 vis-a-vis the massive new taxes introduced by the government since its assumption of power, the government should never have thought of adding another layer of tax to industry at this point in time,\u201d it added.<\/p>\n

Despite the tax\u2019s appealing theoretical aspects, FABAG emphasised that Ghana introduced it too soon and failed to meet its goals.<\/p>\n

\u201cFor instance, how are carbons emitted by industries through their manufacturing processes going to be measured? Who measures it? And how will the measurement be reported to ensure that there is no corruption in the collection of the data and right fees is paid to the government?<\/p>\n

\u201cHow can carbon emitted by an industry be measured accurately to ensure that neither the government nor the industrial player is cheated?\u201d the statement quizzed.<\/p>\n

According to FABAG, the introduction of the levy will only serve to increase manufacturing costs, open the door for corruption, agitate the already volatile economic climate, and enrich a select few at the expense of the general public.<\/p>\n

\u201cAs already indicated by the power providers in the country, the tax will cause them to increase electricity tariffs to industry and the ordinary Ghanaian who is already reeling under serious financial pressures will gravely suffer. when this happens, the corruption situation will even get worse as people will have to find innovative ways of surviving,\u201d it stressed.<\/p>\n

Read more on the emissions levy:<\/b><\/p>\n

In the end, FABAG pleaded with the government to prevent the creation and imposition of any additional taxes in the best interests of the business community, the average citizen, and the nation as a whole.<\/p>\n

FABAG, however, recommended that the government ensure significant expenditure reductions, waste reduction, and value-for-money projects to close the financial deficit that will be generated in its budget.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The Food and Beverage Association of Ghana (FABAG) has described the Emissions Levy Act, 2023 (Act 1112) as insensitive and anti-business. The tax is based on the carbon dioxide equivalent emissions of automobiles with internal combustion engines. FABAG has since joined calls for the government to abolish the new tax handle. In […]<\/p>\n","protected":false},"author":84,"featured_media":66340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-66341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nEmission tax insensitive, anti-business \u2013 FABAG - Ghana<\/title>\n<meta name=\"description\" content=\"The Food and Beverage Association of Ghana (FABAG) has described the Emissions Levy Act, 2023 (Act 1112) as insensiti ...\" \/>\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.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emission tax insensitive, anti-business \u2013 FABAG\" \/>\n<meta property=\"og:description\" content=\"The Food and Beverage Association of Ghana (FABAG) has described the Emissions Levy Act, 2023 (Act 1112) as insensiti ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-08T06:45:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707361281.609683.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1022\" \/>\n\t<meta property=\"og:image:height\" content=\"594\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\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.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Emission tax insensitive, anti-business \u2013 FABAG\",\"datePublished\":\"2024-02-08T06:45:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag\"},\"wordCount\":447,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/02\/sm_1707361281.609683.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/emission-tax-insensitive-anti-business-fabag\",\"name\":\"Emission tax insensitive, anti-business \u2013 FABAG - 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