According to the Ghana Union of Traders Association (GUTA), its members would continue to shut down their businesses in the Greater Accra Region on Wednesday, October 19, 2022, to express their displeasure with the current economic difficulties.
This is despite an interaction with Council of State members on Tuesday, October 18, to persuade the body to change its mind.
According to GUTA, the current high cost of doing business has made the protest necessary. They assert that the ongoing devaluation of the local currency on the exchange market and the high inflation rate have made their situation worse.
At many forex bureaus right now, a dollar is selling for more than GH12.
Dr. Joseph Obeng, the president of GUTA, addressed the media following the meeting with the Council of State members.
"Given how difficult it is become, it is clear that we can no longer contain these challenges. We want to give the administration a heads-up that there is a sense of urgency surrounding this issue. By the authority granted to me by the business community, I therefore declare that all stores within the Greater Accra will be closed from tomorrow through Monday.
The Adum Business Community in Kumasi shut down its businesses for five days as a result of the adoption of new tax laws pertaining to the VAT, prompting GUTA's protest.
After meeting with government officials, the merchants in Adum reopened their stores.
Dr. Joseph Obeng, the president of GUTA, addressed the media following the meeting with the Council of State members.
"Given how difficult it is become, it is clear that we can no longer contain these challenges. We want to give the administration a heads-up that there is a sense of urgency surrounding this issue. By the authority granted to me by the business community, I therefore declare that all stores within the Greater Accra will be closed from tomorrow through Monday.
The Adum Business Community in Kumasi shut down its businesses for five days as a result of the adoption of new tax laws pertaining to the VAT, prompting GUTA's protest.
After meeting with government officials, the merchants in Adum reopened their stores.