Joint Business Consultative Forum concerned about three new taxes.

The Ghana Joint Business Consultative Forum have expressed its displeasure at the President’s assent to the three newly introduced taxes recently passed by Parliament.

The forum is made up of 12 business associations namely the Ghana National Chamber of Commerce and Industry (GNNCCI), Ghana Union of Traders Association (GUTA), Importers and Exporters Association, Food and Beverages Association and the Ghana Institute of Freight Forwarders (GIIF).

The rest are Customs Brokers Association of Ghana (CUBAG), Association of Customs House Agency (ACHAG), Ashanti Business Owners Association, Chamber of Automobile Dealers, Bulk Fish Importers Association of Ghana and Ghana Pharmaceutical Association.

In a release issued this afternoon and signed by its chairman Dr Joseph Obeng and Convenor Mr Mark Badu-Aboagye, it described the three new taxes as an obnoxious, inimical and counterproductive taxes which will collapse businesses in the country.

“We are already in a toxic business environment which needs to be fixed, rather than compounding the problems with the introduction of new killer taxes,” the release stated.

The forum asserted that it would keep fighting to protect businesses in the country and improve the business environment in the country.

It called on the President to heed to the concerns of the business community and engage stakeholders for a review that will ensure a stable business environment in the country.