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The Association of Ghana Industries is calling for a dialogue between the government and players in the banking industry on the 5.0% profit before tax levy before its implementation.
It also wants the financial sector levy to be spread to other sectors of the economy.
Already, the Association of Bankers are unhappy of the levy because its members are already paying the 5.0% fiscal stabilization levy.
Chief Executive of AGI Seth Twum Akwaboah told Joy Business that the banks are overburdened with numerous levies.
“They are already paying the stabilization levy of 5.0% and therefore if you are going to increase it to 10.0% or introducing another levy then it should be discussed with them [banks] and perhaps you should also consider a spread of it to other sectors that are equally important and are also making or made some good gains during this period [covid-19].”
Dialogue with banks on 5% tax on pre-tax – AGI to government
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