GUTA Archives - Page 4 of 4

19 Oct

GUTA Members Close Shops Today Over Economic Hardship

wontumionlineNewsDr. Joseph Obeng, GUTA

Members of the Ghana Union of Traders Association (GUTA) will today close shops in Accra to protest deteriorating economic situation. The group described the industrial action, which will end on Monday, October 24, as a “pinch” on government to urgently address the depreciating cedi, high-interest rate and inflation. GUTA announced its decision after engaging in a three-hour meeting with some members of the Council of State. In a press briefing after the meeting, the President of GUTA, Dr Joseph Obeng, said the resolve to close shops was a distress call to the nation. He said even though there was a…

18 Oct

TAGG Urges Members To Defy GUTA’s Orders To Close Shops Over Economic Hardships

wontumionlineBusinessGUTA, TAGG

The Traders Advocacy Group Ghana is urging its members to keep their shops open despite calls by GUTA to the contrary. The Ghana Union of Traders Association (GUTA) asked its members to close their shops on Wednesday in protest of the current economic situation in Ghana. The dollar rate, inflation rate, lending rate and the cost of fuel are all at alarming levels, a situation that has set many tongues wagging, calling on the government to salvage the situation. Speaking at a press conference, the secretary of Traders Advocacy Group Ghana, Nana Poku, stressed that the closure of shops would…

17 Oct

Deploy Aggressive Means Of Collecting Taxes- Kwaku Daworo Tells GRA

wontumionlineFeatured, News, TrendingGhana, GRA, GUTA, Kwaku Dawuro

The host of Movement In The Morning Show, Kwaku Dawuro has requested for the use of aggressive means to collect taxes as Ghana Union of Traders Association (GUTA) have refused to pay VAT describing disparities exist in its payment. According to GUTA the new VAT policy compels consumer to go through double taxation, imposing a flat levy on businesses operating below five hundred thousand threshold. Retailers above the threshold however, are made to pay VAT standard of 19.25 percent, this new development has led to the refusal of the payment. Speaking Kwaku Dawuro said that ''one of IMF’s conditions in granting…

13 Oct

Our Concerns Are Legitimate- Government Should Consider Flat VAT Rate – GUTA

wontumionlineFeatured, News, TrendingGovernment, GUTA, Tax, VAT

The National Financial Secretary for Ghana Union of Traders Association (GUTA), Nana Kwabena Pepprah who doubles as GUTA Greater Accra Chairman has pleaded with government to consider the payment of flat Value Added Tax (VAT) rate to boost the payment of taxes. Speaking with Kwaku Dawuro on Movement In The Morning Show, Nana Kwabena Pepprah stressed that GUTA is not against the payment of VAT but against the disparities that exist in the payment. Speaking he said that ‘’we support the payment of taxes and VAT because it is the only way we can build our economy. GUTA's challenge is…

12 Oct

Collapse Foreign Malls -Paul Amani Tells Government

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A communicator of the New Patriotic Party (NPP), Paul Amani has called on government to shut down foreign malls in the country. According to him, these malls do not accept local product as they import all products including pepper. Speaking to Kwaku Dawuro on Movement In The Morning Show, Mr. Amani said that ‘’when these foreign malls bring in imported goods and they sell to consumers, government has a tax on every product purchased. These taxes are paid by the user, but they refuse to pay these monies to government. I am into palm oil production but it hurts that…

12 Oct

Take Drastic Measures Against Importation- Paul Amaning Urges Gov’t

wontumionlineFeatured, News, Trending, UncategorizedGUTA, importation, Paul Amaning

A communications team member of the ruling New Patriotic Party (NPP), Paul Amaning has cautioned that Government takes drastic measures in the clamping down of importation of goods into foreign shops. According to him, this is what has also resulted in the destabilization of the Ghana cedi- and therefore such a move will help revive the economy. He told Kwaku Dawuro on Movement in the morning show on Wontumi Radio/Movement TV, that this can also be possible, if Government sees to the producing of local goods. Because many of the products are produced in Ghana, importers will be left with…

11 Oct

Kumasi Traders Shut Down Shops: GUTA Claims There Is Disparity In The Payment Of VAT

wontumionlineFeatured, News, TrendingGhana, GRA, GUTA, Kumasi, Mr. Benjamin Yeboah, traders

Some traders in the Ashanti Region have closed their shops after Ghana Revenue Authority(GRA's) new tax formula began implementation on Monday 9th October, 2022. According to the report, GRA officials have been designated to sit in front of shops to keep watch over the Value Added Tax (VAT) on the number of items they sell. The Ghana Union of Traders' Association(GUTA) however, has revealed there is disparity in the payment of VAT. Speaking to Kwaku Dawuro on Movement In The Morning Show, Mr. Benjamin Yeboah the welfare officer of GUTA stated that ''traders are battling with the rise in the…

26 Aug

GUTA Suspends Plans To Close Shops Over Economic Hardship

wontumionlineBusinessGUTA

The Ghana Union of Traders (GUTA) has called off its planned closure of shops scheduled for Monday, August 29, 2022. This was after a meeting with the Council of State. GUTA said a joint committee has been set up to look into its concerns. President of the Association, Dr. Joseph Obeng, after the meeting, said the “leadership of GUTA will meet the Council of State again after a month.” GUTA had earlier announced it would close all shops belonging to its members in Accra on Monday, August 29, 2022, to register its displeasure with the country's current economic challenges. According…