President of the Ghana Union of Traders Association (GUTA), Dr Joseph Obeng, has told the Finance Minister Dr Cassiel Ato Forson that traders are not expecting new taxes in the 2025 budget statement.
He said GUTA will welcome any move by the government to expand the tax net to cover people who do not pay levies.
“We’re not expecting new taxes. We’re also not going to be worried when new taxes are tailored to bring in people outside the tax net to pay. That one, we will not be worried. But what we will be worried about is just compounding the taxes on a few of us who pay.
“Expanding the tax net is welcomed. And whichever means they do to rope in a lot more people who are outside the tax net to come in is also welcome news,” he said.
The Ghanaian government has approved the 2025 fiscal policy document ahead of its official presentation to Parliament on March 11.
This decision, made during a special Cabinet meeting on Thursday, reaffirms the administration’s commitment to economic stabilization and sustainable growth.
Speaking to the press after the meeting, Minister of Government Communications Felix Kwakye Ofosu assured Ghanaians that the government remains committed to fulfilling its social and economic promises.
He confirmed that the fiscal policy will reflect the administration’s 120-day pledges, including the removal of the betting tax and COVID levy.
Additionally, the budget will outline the financial state inherited by the National Democratic Congress (NDC) government while offering hope and strategic policies for national development.
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The post We’re not expecting new taxes in the 2025 budget – GUTA tells Finance Minister first appeared on 3News.
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