GUTA

We Need To Add Value To Our Raw Materials To Be Competitive – GUTA President
12 Jul

We Need To Add Value To Our Raw Materials To Be Competitive – GUTA President

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President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has called on businesses to add value to their raw materials before trading. According to him, transforming the raw materials into finished goods will give them a competitive advantage over other goods on the international market. To help meet this target, Dr Obeng called on businesses to expand their production capacity to meet the demands of consumers locally and globally. In an interview with TV3, the President of the Ghana Union of Traders Association said, “it is very important that we do value addition, we make sure that…
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GUTA Will Not Relent On Calls To Review Three New Taxes – Dr.Obeng
06 Jun

GUTA Will Not Relent On Calls To Review Three New Taxes – Dr.Obeng

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The Ghana Union of Traders Association (GUTA) has noted that it will not relent in its pursuit to ensure that the government reviews the three revenue measures that were passed in March 2023. According to them, the Union will push for a review of the taxes as well as the COVID-19 levy in the mid-year budget review. Businesses are currently lamenting the struggles that they have had to face due to the high cost of utilities and the expensive nature of taxes they have to pay. “Now that the IMF deal has gone through, we will still pursue government and dialogue so…
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Prepare For Price Hikes On Some Goods From May 1 – GUTA
28 Apr

Prepare For Price Hikes On Some Goods From May 1 – GUTA

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The President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has cautioned Ghanaians to prepare for a possible increase in prices of some goods on the market. This follows the implementation of three new tax measures by the government, namely the Excise Duty, the Income Tax Amendment Acts, and the Growth and Sustainability Act, which were passed by Parliament despite opposition from the Minority and the business community. Dr Obeng emphasized that since businesses and consumers are interdependent, any challenges faced by businesses will ultimately impact the consumers Consequently, GUTA intends to pass on the extra costs…
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Gov’t Spokesperson Apologises To GUTA
19 Apr

Gov’t Spokesperson Apologises To GUTA

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Government Spokesperson on Governance and Security Palgrave Boakye-Danquah has apologised to the Ghana Union of Traders’ Association (GUTA) for the seeming snub by government in the rollout of the three new tax bills. GUTA’s President Dr Joseph Obeng had complained bitterly on TV3‘s New Day on Wednesday, April 19 about the neglect of them by government in the introduction of the new tax bills. Dr Obeng said they were not consulted as major stakeholders only for the President, Nana Addo Dankwa Akufo-Addo, to assent to the three bills. The bills, now laws, are the Excise Duty Amendment Bill 2022, the Growth and Sustainability Left…
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GUTA Demands Apology From Joewise Over ‘Unguarded’ Comments
18 Apr

GUTA Demands Apology From Joewise Over ‘Unguarded’ Comments

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The Ghana Union of Traders’ Associations (GUTA) is demanding a retraction and an unqualified apology from the First Deputy Speaker of Parliament, Joseph Osei-Owusu, for comments he made in an interview on Oyerepa TV. The Member of Parliament for Bekwai Constituency is reported to have taken on traders over the hikes in prices of goods and indicated that they were exploiting Ghanaians. He is also quoted as saying: “They are always talking about taxes and yet they are over exploiting Ghanaians and I’m saying this without fear.” The First Deputy Speaker is said to have added that GUTA and, indeed,…
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GUTA Urges Members To Reduce Prices Of Goods
13 Apr

GUTA Urges Members To Reduce Prices Of Goods

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The Ghana Union of Traders Association (GUTA) has entreated its members to respond positively to the improved economic position of the country and adjust prices accordingly. According to a statement from the traders group, efforts by the government and the Bank of Ghana to bring down inflation and exchange rate are commendable, hence the call on its members to cut prices of goods. “GUTA, entreats all members of the business community to respond positively to the changing trend and adjust prices to reflect the exchange rate. We express our pleasure to the government and the Bank of Ghana for their…
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People May Start Saving Under Their Beds Instead Of Banks – GUTA President
27 Mar

People May Start Saving Under Their Beds Instead Of Banks – GUTA President

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President of the Ghana Union Traders Association (GUTA), Dr Joseph Obeng, has asserted that the savings culture of Ghanaians will witness a sharp decline if care is not taken. According to him, people may start saving under their beds instead of making bank deposits due to the current uncertainties with investments and savings within the financial sector. Speaking at the Graphic Business/Stanbic breakfast meeting in Accra last week, Dr Joseph Obeng said, "I am afraid we will go back to the dark ages where people were afraid to send money to the bank, hide it under their beds because the…
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GUTA Advocates ‘Effective Policing’ Of Markets
17 Mar

GUTA Advocates ‘Effective Policing’ Of Markets

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The Ghana Union of Traders’ Association (GUTA) is calling on authorities to institute higher standards of surveillance at markets instead of collecting levies and leaving traders to their fate. The Union said this is the “best way” to ensure safety and security of markets in Ghana. This was contained in a statement issued on Thursday, March 16 following a fire disaster at the New Kejetia Market a day earlier. The fire gutted the rear portions of the market, leading to loss of property and wares by most traders. GUTA expressed sympathies to all victims but called for independent investigations into…
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GUTA Pushes For An Industrious Professional As Trade Minister
10 Jan

GUTA Pushes For An Industrious Professional As Trade Minister

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The Ghana Union of Traders Association (GUTA) has made a passionate appeal to President Akufo-Addo to appoint someone of the caliber of Alan Kyerematen to be the next Minister of Trade and Industry. According to the union, Mr. Kyerematen who has resigned did an excellent job while in office, it expects a professional with an industrious expert to succeed him. “The Ghana Union of Traders’ Associations (GUTA) is deeply saddened by the news of the sudden resignation of the Trade and Industry Minister, Alan Kyerematen. All those who know him and happen to have come in contact with this affable gentleman will attest…
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GUTA Saddened By Alan Kyerematen’s Resignation
10 Jan

GUTA Saddened By Alan Kyerematen’s Resignation

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Ghana Union of Traders Association (GUTA) has commended the former Trades and Industry Minister, Alan Kyerematen for the impact he had in the Ministry. Describing him as a national asset, the Union recounted the achievement chalked by the former government appointee while in office. The General Secretary of GUTA, Alpha Shaban, praised Mr Kyerematen as an excellent leader and a political genius. “The Ghana Union of Traders’ Associations (GUTA) is deeply saddened by the news of the sudden resignation of the Trade and Industry Minister, Alan Kyerematen. All those who know him and happen to have come in contact with…
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