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Taxes have become more of a punishment to businesses – Badu-Aboagye
The Chief Executive of the Ghana Chamber of Commerce and Industry, Mark Badu-Aboagye, has expressed serious concerns about the escalating burden of both direct and indirect taxes on businesses in the country.
Speaking on JoyNews’ PM Express, Mr Badu-Aboagye questioned the sustainability of business profitability in the face of increasing costs and taxes.
He argued that taxes have become an albatross on business growth.
“I think that our taxes have become more of a punishment to businesses than to support them. This is because we cannot pay, but they’re expecting you to pay.
“They are beating us but they are telling us to keep quiet,” he said on Thursday.
The CEO underscored the importance of not just introducing new taxes but also focusing on their efficiency and impact on businesses.
He emphasized the detrimental effect of the continuous introduction of new taxes, expressing the belief that these measures are ultimately hindering rather than promoting business growth.
“Businesses are suffering. Businesses cannot pay this tax. Businesses are just not making enough revenue to be able to pay this tax,” he told host George Wiafe.
Drawing attention to the economic indicators, he cited the GDP as a key measure of the state of businesses in Ghana.
Mr Badu-Aboagye highlighted the concerning trend in the growth of GDP, indicating that most sectors are not performing well.
According to him, the industry sector, in particular, has recorded negative growth consistently throughout 2023, revealing the overall challenges faced by businesses.
“As of the third quarter of 2023, the growth of GDP was 2%. And when you look at the details you will realise that most of the sectors are not doing well. Consistently from the beginning of the year to now. The industry sector has recorded negative growth. It’s only in the last quarter that the manufacturing sector recorded a 2% growth. So it shows clearly that businesses are not doing well.
“If they are doing well, they produce a lot and by multiplying it by the market value, you will see that your GDP will go higher. So it’s not far-fetched, if the government wants to know the state of businesses in Ghana, just check the GDP.”
Source: Myjoyonline.com
National Democratic Congress (NDC) National Executive Committee member and Volta River Authority (VRA) Board Member, Wonder Victor Kutor, has described calls for the resignation of Foreign Affairs Minister Samuel Okudzeto Ablakwa as premature and unjustified.
He argued that there was no evidence to establish that the minister had committed any wrongdoing to warrant such demands.
Speaking on Joy News in Accra on Wednesday, October 28, 2026, Mr Kutor questioned what had changed to justify the growing calls for the minister to step down.
He recalled that the Ranking Member on Parliament’s Foreign Affairs Committee, Samuel Abu Jinapor, had earlier indicated that the opposition was not accusing Mr Ablakwa of any wrongdoing.
Mr Kutor, therefore, challenged those demanding the minister’s resignation to provide fresh evidence to support their position.
“The call for the Minister to resign is premature, it is untenable. There is no evidence. I mean, what has he done wrong?” he questioned.
He added that documents, including boarding passes, airline receipts and flight manifests relating to the minister’s return journey, had been provided.
Mr Kutor expressed concern that the calls for Mr Ablakwa’s resignation could discourage young politicians from speaking out against corruption and advocating transparency.
According to him, politicians should not be targeted or maligned for demanding accountability, warning that such treatment could create the impression that speaking against corruption could later become a liability when one is appointed to public office.
He maintained that calling for accountability and transparency should not be used as grounds to target public officials without evidence of wrongdoing.
By: Jacob Aggrey
Ghana will host the Africa Festival of Arts, Culture and Creatives (AFESTAC) 2026 alongside Industrial Skills Week Africa (ISWA) 2026 in Accra from December 9 to 12, 2026.
On the back of these programmes, Minister of Tourism, Culture and Creative Arts, Abla Dzifa Gomashie, has called on corporate Ghana, the media and the general public to support the initiative through partnerships, sponsorships and active participation.
The events, supported by the African Union Development Agency (AUDA-NEPAD), will bring together stakeholders to celebrate Africa’s rich cultural heritage, strengthen the creative economy, promote industrial skills development and create employment opportunities for young people.
By Edem Mensah-Tsotorme
