The National Union of Industry, Commerce and Finance (UNICOF)workers are threatening to embark on a strike if government did not rescind its decision to introduce Value Added Tax on financial services.
The imposition of the 17.5 percent tax will take effect from July 1st.
According to the group, they were not consulted before the decision was taken and therefore asked for a suspension pending discussions between management of the banks and the unions.
“We are of the view that such changes should be discussed at the Standing Negotiating Committee level in order for the parties to appreciate and agree on the implications of the policy relative to performance and job losses among others, but this is not the case.
Consequently, we wish to request that implementation of VAT on financial services be suspended pending discussions between management of the banks (possibly represented by the Ghana Association of Bankers) and the Unions,” the statement said.
The letter, which was signed by the General Secretary of the group, was addressed to the Minister of Finance and Economic Planning, The President of the Ghana Association of Bankers, the Executive Secretary of the National Labour Commission as well as twelve other banks.