‘Defer Taxes On SMEs To Make Them Grow’

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The panelists at the meeting. Image Ghanaian Times

By Joyceline Natally Cudjoe

Discussants at a business breakfast meeting in Accra yesterday called on the government to defer taxes imposed on Small and Medium Enterprises (SMEs) to enable them to develop at their full potential.

They explained that 30 percent SMEs were forced to collapse in the first two years of its establishment thus the need for a friendly environment for them to operate.

The breakfast meeting on the theme, ‘Building a national equity fund to support SMEs’ was organized by Graphic Business and Stanbic Bank with support from Joy Business, Labadi Beach Hotel and Joy News.

It was attended by experts from academia, policy think tanks and civil society organizations (CSOs) to fashion out how the country could build an equity fund to address the financial challenges associated with SMEs.

The General Manager Operations of Kina Group, Mr. Nuamah Eshun-Famiye, noted that utility charges, cost of finance and other forms of subsidies had to be controlled to fine-tune the market. Read more…

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