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John Dramani Mahama, the Presidential Candidate of the National Democratic Congress (NDC), has vowed to abolish several controversial taxes within the first 100 days of his administration if elected in the upcoming 2024 general elections. These include the e-levy, COVID levy, the 10% levy on bet winnings, and the emissions levy.
Speaking at the launch of the NDC’s 2024 Manifesto on Saturday, August 24, Mahama emphasized that these measures are intended to alleviate the economic hardships faced by Ghanaians and reduce the high cost of doing business in the country.
“We will scrap the following draconian taxes within our first 100 days in office to alleviate hardships and ease the high cost of doing business: E-levy, COVID levy, 10% levy on bet winnings, Emissions levy,” Mahama declared.
In addition to tax cuts, Mahama pledged to eliminate import duties on vehicles and equipment imported for industrial and agricultural purposes, further easing the financial burden on businesses.
“[I’ll] Scrap import duty on vehicles and equipment imported into the country for industrial and agricultural purposes,” he added.
To stabilize fuel prices and provide relief to consumers, Mahama promised to apply the Price Stabilization and Recovery Levy on fuel. He also committed to rationalizing fees at the ports to reduce costs for importers.
Furthermore, Mahama proposed a comprehensive reform of Ghana’s VAT regime, including reversing the VAT flat rate regime, adjusting the VAT registration threshold to exempt micro and small businesses, and repealing the VAT on domestic electricity consumption.
Mahama’s proposed tax reforms reflect his commitment to easing the financial burden on Ghanaians and supporting economic growth through targeted relief measures.
