![\"\"](\"https:\/\/www.kumasionlinegh.com\/wp-content\/uploads\/2018\/06\/Kennedy-Agyapong.jpg\")
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If the Akufo-Addo government is not aware of the implications of its tax imposition decisions on Ghanaian businesses, then Assin Central MP Kennedy Agyapong has by himself visited some areas in Tema and reports that high taxes which \u201cdoesn\u2019t make sense\u201d is causing the collapse of many businesses and Ghanaians are losing their means of employment.<\/p>\n
According to Mr Agyapong, Ghanaian and expatriate businesses are all been affected as they can\u2019t sustain their operations due to the high tax demands from the AKUFO-Addo government. The NPP MP is warning\u00a0that there is the need to do something about the development to keep Ghanaians employed and businesses profitable and sustainable.<\/p>\n
In an interview Mr Agyapong said:<\/p>\n
\u201cLet me tell you, I went to Tema Mankuazi lane\u2026from Mankuazi someone said he was selling a piece of land and I went to see. I was told the two adjourning plots were also for sale it was from there I realized the situation is serious!\u201d he said in shock.<\/p>\n
The government has to help these industries\u2026local industries. What I observed was that almost all the factories lined up from Mankuazi to VALCO roundabout have all collapsed.\u201d he lamented.<\/p>\n
Mr Agyapong revealed that he contacted someone to find out why and he reason shocked him.<\/p>\n
\u201cFortunately, one of the guys was still around, they produce aluminum, an Indian. I asked him why they were selling off the factories but in response, he told me the owe CAL Bank and they have to sell to go and pay their debt.\u201d he said.<\/p>\n
Kennedy\u00a0Agyapong said the guy wanted to lie to him about the real situation but he found it out.<\/p>\n
\u201cInitially, he told me the workers had gone on break unknown to him I was also a businessman. He was funny because if you produced in large scale and you have a good market will you all staff to go on break?\u00a0 At least half will go, half will stay that was when he took me into his office\u201d, Kennedy Agyapong proceed to explain the inner cries of the businessmen.<\/p>\n
\u201cThe raw materials for the production of the aluminum he pays duty, he pays VAT, all ECOWAS charges everything paid on it \u2026 So what have you done to the local industry?\u00a0 By the time he is done, the cost of electricity is too high and all other factors of production except labor. It is high everywhere in the world but Ghana is so high. Except for labour that is cheap in Ghana everything is so high.\u201d Ken said.<\/p>\n
\u201cYour aim is tax. You can tax the workers when you create a lot of employment. Right now you have taxed everything and companies are collapsing it does not make sense. If I get time I will meet the President will tell him physically what I saw in Tema. It started long ago but when I speak they refused to listen to me. Why is that the economy of America was doing well under Obama?\u201d he quizzed.<\/p>\n
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Source: MyNewsGH.com<\/p>\n","protected":false},"excerpt":{"rendered":"
If the Akufo-Addo government is not aware of the implications of its tax imposition decisions on Ghanaian businesses, then Assin Central MP Kennedy Agyapong has by himself visited some areas in Tema and reports that high taxes which \u201cdoesn\u2019t make sense\u201d is causing the collapse of many businesses and Ghanaians are losing their means of […]<\/p>\n","protected":false},"author":2,"featured_media":8044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"iawp_total_views":0,"footnotes":""},"categories":[40],"tags":[],"class_list":["post-12809","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"yoast_head":"\n