TUC URGES GOVERNMENT TO ADDRESS RISING COST OF LIVING

TUC URGES GOVERNMENT TO ADDRESS RISING COST OF LIVING

The Trades Union Congress (TUC) has urged the government to introduce very pragmatic measures in the 2019 Budget to deal with the rising cost of living.

It said the 2019 Budget should spell out policies and programmes to tackle the persistent weaknesses in the economy and the numerous social and economic challenges that were making life unbearable for the majority of Ghanaians.

“We expect policies and programmes that will translate economic growth and macroeconomic stability into tangible improvements in the lives of individuals and their families in every corner of the country,” it said.

The TUC made the call in a statement it submitted to the Ministry of Finance as the ministry prepares to present the 2019 Budget and Economic Policy to Parliament in the last quarter of the year.

The TUC asked the government to use the 2019 Budget to show how it was going to steer the economy away from taxation to production.

“We expect the government to announce initiatives to plug the leakages in the tax system. We do not expect the government to introduce new taxes. Rather, the tax exemption system must be overhauled to eliminate exemptions for some multinational companies, including those that are exploiting our natural resources,” it said.

The TUC made the call in a statement it submitted to the Ministry of Finance as the ministry prepares to present the 2019 Budget and Economic Policy to Parliament in the last quarter of the year.

The TUC asked the government to use the 2019 Budget to show how it was going to steer the economy away from taxation to production.

“We expect the government to announce initiatives to plug the leakages in the tax system. We do not expect the government to introduce new taxes. Rather, the tax exemption system must be overhauled to eliminate exemptions for some multinational companies, including those that are exploiting our natural resources,” it said.

Source:graphic gh