‘2018 Budget Will Address Concerns Of Traders’
President Nana Akufo-Addo has assured that the upcoming 2018 fiscal year budget will address concerns of traders and businessmen in the country.
Speaking at a gathering of traders at Abossey Okai as part of his three-day working tour of the Greater Accra region, Akufo Addo said “the 2018 budget will address many more of your concerns as traders and as businessmen”.
He said the 2018 budget will go beyond the reliefs that were given to traders in the 2017 budget dubbed “Asempa Budget”.
The Finance Minister, Ken Ofori Atta will read he 2018 fiscal year budget in Parliament on Wednesday, November 15, 2017.
In the first budget of the Akufo Addo administration in 2017, several taxes were abolished.
They included; the one per cent special import levy, 17.5 VAT on domestic airline tickets, 17.5 VAT on financial services, 17.5% VAT on selected imported medicines, 5% VAT on real estates, excise duty on petroleum, duties on importation of spare parts and levies imposed on Kayayei (head porters) by local authorities.
The Chairman of the Abossey Okai Spare Parts Dealers Association Joseph Paddy in his remarks called on the government to take action on foreign retailers in local businesses, explaining that the activities of these traders are in conflict with GIPC law.