John Dramani Mahama, the president-elect has vowed to eliminate several controversial taxes within his first 100 days in office.
Mahama’s proposed tax cuts include the contentious e-levy, COVID levy, 10% levy on betting, emissions levy, and import duties on vehicles and equipment for industrial and agricultural purposes. He argues that these taxes have placed undue burdens on Ghanaians and hindered business operations.
In his first 120 days of the social contract document, Mahama highlighted the project as the major project to do in his first 90 days to alleviate hardships and reduce the high cost of doing business. He also committed to applying the Price Stabilization and Recovery Levy on fuel to stabilize prices and rationalize port fees to ease the burden on importers.
Furthermore, Mahama promised comprehensive reforms to Ghana’s VAT regime, including reversing the VAT flat rate regime and adjusting the VAT registration threshold to exempt micro and small businesses. These measures aim to provide significant relief for households and businesses alike.
The NDC’s General Secretary, Fifi Kwetey, highlighted the party’s intention to use its majority status in Parliament responsibly to advance the interests of Ghana and its people. He assured that the NDC would work diligently for the progress of the nation.
