Business News of Monday, 8 July 2024

Source: kasapafmonline.com

Ghana Plastic Manufacturers’ Association calls off intended strike

File photo of plastics File photo of plastics

The Ghana Plastic Manufacturers' Association (GPMA) has announced the suspension of its intended strike, which was scheduled for Wednesday, July 10th, over the implementation of a 5% Excise Tax on all locally manufactured plastic products.

The Association has also put on hold its plan to shut down productions.

This decision follows a fruitful discussion between the Association and its partners, including the Ghana Union of Traders Association (GUTA), the National Association of Sachet & Packaged Water Producers (NASPAWAP), the Food & Beverage Association of Ghana (FABAG), and the Plastic Sellers Association of Ghana (PSAG), with the government on Friday, July 5th, 2024, regarding the Excise tax.

The Ghana Plastic Manufacturers' Association expressed its appreciation to the Deputy Minister for the Ministry of Trade and Industry, Hon. Michael Okyere Baafi, for his intervention.

"The Hon. Deputy Minister for the Ministry of Trade & Industry, Hon. Michael Okyere Baafi (MP), has shown good faith and assured us that he will facilitate further engagements and dialogue with the Government. He will also immediately trigger the necessary mechanisms and procedures to stop the implementation of the 5% Excise Tax," the statement said.