The government has been called upon to introduce policies that will stimulate growth in the manufacturing sector, a crucial step towards achieving the government’s 24-Hour economy program.
According to Executive Chairman of the Food and Beverages Association of Ghana, excessive taxation has severely hindered the country’s manufacturing sector, stifling growth and development.
Speaking on Business Focus on TV3, John Awuni emphasized the devastating impact of the 20 percent Excise tax introduced by the NPP government on the beverage industry.
This tax has resulted in idle plant capacity and has left Ghanaian businesses struggling to compete in the sub-region.
Awuni stressed that repealing the 20% Excise tax on beverages would not only generate more tax revenue for the government but also create employment opportunities.
