The Food and Beverage Association of Ghana (FABAG) has highlighted its concerns regarding the current tax landscape and its impact on the private sector. FABAG’s chairman, John Awuni, emphasized the need for presidential candidates to address these challenges and offer policies that will benefit businesses in the food and beverage sector.
Awuni expressed dismay over the rising levels of taxation faced by businesses, stating that it has led to disillusionment among private sector players. He noted that many businesses are exploring investment opportunities in neighboring countries due to the unfavorable tax environment in Ghana.
FABAG is prepared to support any presidential candidate who demonstrates a commitment to addressing these concerns and implementing policies that will promote growth and profitability in the private sector. The association is encouraging its members and employees to consider the tax policies and proposals of each political party before casting their votes in the upcoming elections.
Key questions raised by FABAG include inquiries about specific tax policies for imports, manufacturing, and the service sector, as well as how the private sector will be revitalized under a new administration. The association seeks clarity and reassurance from political leaders regarding their plans to support businesses and create a more conducive environment for growth and investment.