In a revealing update from the Flagstaff House, it has been confirmed that President Mahama is steadfastly committed to fulfilling his campaign promises by abolishing the following controversial taxes: the E-Levy, Betting Tax, and COVID Levy.
Additionally, President Mahama is poised to eliminate some of the following several burdensome taxes at the ports:
- Import Duty – 20%
- Import VAT – 15%
- Ecowas Levy – 0.50%
- Network Charge – 0.40%
- Network Charge VAT – 15%
- Network Charge Covid-19 – 1%
- Network Charge NHIL – 2.5%
- Special Import Levy – 2%
- Ghana Shippers Authority – 0.9%
- Import NHIL – 2.5%
- Withholding Tax on Import – 1%
- GHS Disinfection Fee – Amount not specified
- Ghana Export Import Bank Levy – 0.75%
- Ghana Education Trust (GET) Fund Import – 2.5%
- Network Charge GET Fund Levy – 2.5%
- Inspection Fee – 1%
- African Union Import Levy – 0.2%
- Covid-19 Health Recovery – 1%
- FDA (Food and Drugs Authority) Fee – 0.5% and 0.8% of the invoice value
- Ghana Standards Authority Fee – cumulative fee of $65.95 + FDA + GSA + Disinfection fee $30
These taxes, introduced by the previous Nana Addo government, have been detrimental to businesses, jeopardizing public welfare and job creation. By removing these levies, President Mahama aims to foster a more favorable business environment and boost economic growth.
This significant development is slated to be officially presented by the Finance Minister, Dr. Cassiel Ato Baah Forson, during the upcoming budget presentation in March this year.
President Mahama has called on Ghanaians to remain patient as he takes bold steps to revive the economy and rebuild the nation’s infrastructure. His decisive actions have already earned him widespread approval, with many citizens expressing satisfaction that he is steering the country in the right direction.
In addition to these measures, President Mahama has also made the commendable decision to scale back the extravagant celebrations of Ghana’s Independence Day, focusing instead on practical and sustainable development. Other initiatives include boosting local industries, improving healthcare services, and investing in education and technology to create job opportunities for the youth.
As the nation looks forward to the budget presentation, there is a growing sense of optimism and trust in President Mahama’s vision for a prosperous and resilient Ghana.
Source : Sankofaonline.com
