The Ghana Hoteliers Association is advocating for the consolidation of multiple taxes, including the National Health Insurance Levy, VAT, and the GETFund levy, into a single tax for the hospitality industry.
According to the Association, the current tax structure, combined with rising inflation, foreign exchange volatility, and high utility tariffs, is placing immense pressure on hotel businesses.
With the government set to present the 2025 budget, industry players are urging policymakers to address these economic challenges to ensure the sector’s sustainability and growth.
The President of the Ghana Hoteliers Association, Dr. Edward Ackah-Nyamike, called on the government to take their concerns into account in the 2025 budget.
”We have made our points very clear over the years so we want to see something on taxes and levies hopefully reduced and some taken out as promised by the government. We also want to see measures in place to deal with the economic environment that affects our business like inflation, foreign exchange, and utility tariffs as well”.
“If any of these things are dealt with in a manner that will show some positive signs that will allow our business to flourish, why not…we will be very happy. We have been pushing for a consolidation of the taxes that for the hotel industry, we will have one tax that consolidates VAT, GETFund, NHIL and all that,” he said.
Voice of Edward Nyamiki
No comment yet, add your voice below!