Introducing new taxes in Mid-year Budget Review will kill private businesses -Prof. Quartey warns [Video]

Economist, and Director of the Institute of Statistical Social and Economic Research (ISSER), Prof. Peter Quartey has cautioned that introducing new taxes in the Mid-year Budget Review will stifle private sector growth.

He is of the view that private enterprises have been badly hit by the difficult economic condition in the country.

The Finance Minister is expected to present the Mid-year Budget later this month.

Speaking to Joy Business, Prof. Quartey rather advocated for the removal of some taxes.

He stated that businesses are struggling under the current International Monetary Fund programme with Ghana which has seen drastic economic policies such as debt restructuring.

“We do not want to see new taxes. It is certainly going to kill the private sector. Looking at government’s own programmes and policies, bringing new taxes will kill the private sector”, he warned.

Prof. Quartey pointed out that there are enough taxes that could be …