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Kumasi traders lock up shops to protest against cedi depreciation, other taxes on businesses

In protest of the wild decline of the local currency, the Cedi, the high cost of conducting business, the collection of excessive taxes by the government, among other things, some merchants in Kumasi, the capital of the Ashanti region, locked up their businesses on Monday, October 10, 2022.

The three-day demonstration will take place, according to the central business district's merchants.

They clarified that the protest also intends to oppose the Ghana Revenue Authority's (GRA) proposal to post officers at each business to track Value Added Tax (VAT) on the goods they sell.

"We desire a meeting with the government."

with us." Doing business is expensive as a result of

the performance of Cedi and taxes.

It is unfair that we have been paying tax with our profit margins, a merchant told TV3.

The majority of these traders taking part in the demonstration deal, among other things, with food goods.

However, the business community is urging the government to lower company taxes.

Meanwhile, it is anticipated that traders from the Magazine, Sokoban wood factory would join the current demonstration.

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Ashanti Cedi Ghana Revenue Authority Kumasi


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