John Mahama, the flagbearer for the National Democratic Congress (NDC) in the upcoming 2024 election, has made bold promises aimed at easing the financial burden on Ghanaians. If elected, Mahama pledges to eliminate several taxes within his first 100 days in office, including the controversial E-Levy, the COVID levy, the 10% tax on bet winnings, and the Emissions Levy. These, he believes, are necessary steps to alleviate hardships and cut business costs across the country.
“We will scrap these draconian taxes within our first 100 days in office to reduce the high cost of living and doing business: E-levy, COVID levy, 10% levy on bet winnings, and the Emissions levy,” Mahama assured.
Mahama also plans to reform Ghana’s VAT regime, promising to reverse the VAT flat rate system to ease the financial strain on households and businesses. He emphasized his goal to rationalize port fees to reduce the burden on importers and everyday Ghanaians. Additionally, he vowed to apply the Price Stabilization and Recovery Levy to fuel to cushion consumers from rising fuel costs.
Furthermore, John Mahama intends to overhaul VAT policies, including reversing the decoupling of GETFund and NHIL from VAT and repealing VAT on domestic electricity consumption. These reforms, he says, will offer critical relief to small businesses and households across the nation.
In a related move, Mahama also stated his intent to undo name changes made to universities during President Akufo-Addo’s tenure, arguing that these changes do not reflect the core mandates of the institutions. This announcement adds to his growing list of promises as he sets his sights on reclaiming the presidency in 2024.
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