{"id":73970,"date":"2024-05-24T07:12:51","date_gmt":"2024-05-24T07:12:51","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/uncategorized\/cheddar-promises-to-revise-excessive-taxes-on-traders"},"modified":"2024-05-24T07:57:13","modified_gmt":"2024-05-24T07:57:13","slug":"cheddar-promises-to-revise-excessive-taxes-on-traders","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/cheddar-promises-to-revise-excessive-taxes-on-traders","title":{"rendered":"Cheddar promises to revise excessive taxes on traders"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Leader of the New Force Movement, Nana Kwame Bediako, widely known as Cheddar, has promised to remove excessive taxes suffocating businesses if elected president in the December 7 elections.<\/b><\/p>\n

He made the pledge during a meeting with members of the Ghana Union of Traders Association (GUTA) in Accra to understand firsthand the current issues confronting them and to develop avenues they can work together to improve the situation if he becomes president.<\/p>\n

\u201cI can\u2019t stand here and say that I\u2019ll create free taxes once you start trading, but definitely I\u2019ll look into it and make it reasonable overnight. Because there\u2019s no point if that\u2019s the only job we have as part of the nation, thus, importing from other countries then at the end of the day, we spend 60 or 70% and by the time we sell, the 30% profit we\u2019re supposed to make is gone either by interest from what we borrowed or by just living the hard life.\u201d<\/p>\n

\u201cSo, I would definitely revise the taxes,\u201d he said.<\/p>\n

Also, the businessman and presidential candidate said his administration would ensure Ghanaian goods have a larger share of the Ghanaian market while implementing measures such as embargoes on foreigners who invade the Ghanaian business landscape.<\/p>\n

Take urgent measures to save the cedi \u2013 GUTA urges government<\/p>\n

This, according to him, would ensure that the wealth generated remains within Ghana.<\/p>\n

\u201cI want to infuse industrialization into your trading, that a lot of things that you go to China to bring would be made here and you would be able to distribute them.<\/p>\n

\u201cBut before I implement that plan, I\u2019d have to place an embargo for you traders by stopping the outsiders who are invading your trading in the country,\u201d he told members of the association.<\/p>\n

Furthermore, Dr. Joseph Obeng, President of GUTA reiterated some current issues facing members. Key among them was the rapid depreciation of the local current which he said has rendered some businesses bankrupt.<\/p>\n

He asked the New Force Movement leader to include plans to curtail the cedi depreciation in his manifesto to ensure timely compliance with traders, entrepreneurs, and industrialists.<\/p>\n

\u201cOur major concern as businesses now are with exchange rates. If there\u2019s no stability in your currency, you cannot even industrialize because the products of your industry is not going to be competitive in the sub-region.<\/p>\n

\u201cSo, there\u2019s a need therefore that we do everything to stabilize our currency. Our capital is being spirited away and now we have crossed the threshold of 15 cedis to a dollar.<\/p>\n

\u201cWe are also proposing that our tax and duty system be simplified and thrown down to the barest minimum to make tax payment affordable and that will definitely ensure compliance\u201d.<\/p>\n

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

Africa-Press – Ghana. Leader of the New Force Movement, Nana Kwame Bediako, widely known as Cheddar, has promised to remove excessive taxes suffocating businesses if elected president in the December 7 elections. He made the pledge during a meeting with members of the Ghana Union of Traders Association (GUTA) in Accra to understand firsthand the […]<\/p>\n","protected":false},"author":84,"featured_media":73969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-73970","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":"\nCheddar promises to revise excessive taxes on traders - Ghana<\/title>\n<meta name=\"description\" content=\"Leader of the New Force Movement, Nana Kwame Bediako, widely known as Cheddar, has promised to remove excessive taxes ...\" \/>\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\/cheddar-promises-to-revise-excessive-taxes-on-traders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cheddar promises to revise excessive taxes on traders\" \/>\n<meta property=\"og:description\" content=\"Leader of the New Force Movement, Nana Kwame Bediako, widely known as Cheddar, has promised to remove excessive taxes ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/cheddar-promises-to-revise-excessive-taxes-on-traders\" \/>\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=\"2024-05-24T07:12:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-24T07:57:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716524633.463488.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"492\" \/>\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=\"3 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\/cheddar-promises-to-revise-excessive-taxes-on-traders#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cheddar-promises-to-revise-excessive-taxes-on-traders\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cheddar promises to revise excessive taxes on traders\",\"datePublished\":\"2024-05-24T07:12:51+00:00\",\"dateModified\":\"2024-05-24T07:57:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cheddar-promises-to-revise-excessive-taxes-on-traders\"},\"wordCount\":473,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cheddar-promises-to-revise-excessive-taxes-on-traders#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/05\/sm_1716524633.463488.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\/cheddar-promises-to-revise-excessive-taxes-on-traders#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cheddar-promises-to-revise-excessive-taxes-on-traders\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/cheddar-promises-to-revise-excessive-taxes-on-traders\",\"name\":\"Cheddar promises to revise excessive taxes on traders - 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