Professional Web Design

Cold store operators in Kasoa oppose 15% VAT on electricity

February 2, 2024
Cold store operators in Kasoa oppose 15% VAT on electricity
Kasoa market

Cold store operators in , located in the Awutu-Senya-East Municipality of the , have expressed strong opposition to the government's proposed 15% Value Added Tax () on electricity consumption. In interviews with the (GNA), they voiced dissatisfaction with the move, citing potential detrimental effects on their businesses.

Mrs. Mary Danquah, a cold store operator with a postpaid meter at the Kasoa old market, emphasized that the cost of electricity was already high even without the proposed tax. She disclosed that her monthly electricity bill ranged between Gh¢1,500, and the introduction of the tax could force her to close down the shop.

Another operator revealed a GH¢1,500 electricity bill every week, emphasizing the challenges they face in regulating power consumption. When they attempted to cut electricity usage by switching off refrigerators, their products suffered spoilage.

The operators vehemently opposed the proposed VAT and called on the government to reconsider, considering the additional burden of taxes they already face. They urged the government to be considerate in imposing new taxes to protect their businesses.

Youth employees expressed concern that business owners were considering shutting down operations if the new VAT was implemented, putting their jobs at risk. They appealed to the government to reconsider the decision to prevent further unemployment challenges in the country.

Latest from Social