The Ghana Union of Traders’ Associations (GUTA) has clarified that recent comments made by its President, Dr. Joseph Obeng, regarding the retention of the E-Levy to support SMEs and the proposed Women’s Development Bank reflect his personal views and do not represent the official stance of the association.
In a press statement, GUTA emphasised, “We wish to make it clear that his opinion does not reflect GUTA’s position on the matter, although we respect his right to express his personal views.”
During an interview on Joy News, Dr. Obeng suggested that the government retain the E-Levy and use its revenue to fund initiatives to support women in trade and small and medium-sized enterprises (SMEs).
He argued that a stable tax system, including the E-Levy, could provide a consistent revenue stream for such developmental projects.
This position contrasts the opposition of the E-Levy, particularly from the National Democratic Congress (NDC), which has pledged to abolish it.
President John Mahama, during his 2024 election campaign, described the levy as burdensome for the people of Ghana.
While GUTA recognises the need for funding mechanisms to support businesses and women in trade, the association has made it clear that it believes the government should determine the most appropriate methods for raising such funds.