By Alex Boye
The Chief Executive Officer (CEO) of Koans Building Solutions, Kofi Anokye, has expressed worry about the collapse of businesses in Ghana due to harsh economic condition and unfriendly policies of the government.
He attributed the inability of many small and medium scale businesses to succeed in Ghana today to the poor and weak economic policies and measures put in place by the current government.
Discussing the content of the 2022 budget and policy statement of government with a section of the media in Accra yesterday, Mr. Anokye said the current government has ignored the private sectors. According to him the country’s development mainly depends on the private sector and introducing new and higher taxes would impact negatively on business operations.
Mr. Anokye also described the 2022 budget as a distress one, saying that it has no good news for the good people of the country. He further disclosed that the 2022 budget portrays a picture of a confused government in the history of Ghana.
He said the current government started with the running of the economy on a wrong note which is affecting economic growth.
“The Akufo-Addo led administration must create serene business environment rather than introducing unnecessary taxes which affects businesses survival” he stated.
The macro -economic policy, is not favoring businesses. About 90% of business are likely to totally collapse in some few years to come if nothing is done by the government to save them.
Touching on the road toll abolishing, Mr. Anokye said it was a wrong move which will not benefit Ghanaians in any way.
Mr. Anokye said it would have been better if the Government reduced fuel prices instead of abolishing the road tolls.
He believed that the current government would complicate matters in the coming years with the cancellation of toll levies and the introduction of the electronic tax.
He felt that it was inappropriate to abolish the toll levies.