Former President John Mahama has pledged to reduce the tax burden on Ghanaians if elected in the December 2024 elections.
Speaking at the 9th Ghana CEO Network Business Cocktail on Thursday, December 7, 2023, Mahama criticized the Akufo-Addo government’s 2024 budget, stating that it introduces additional taxes, adding to the already burdensome tax regime.
Mr Mahama, argued that the new taxes proposed by the Akufo-Addo government are indicative of an ailing economy, with a failing industrial base, collapsing businesses, and growing unemployment.
He highlighted the high interest rates and emphasized the negative impact these measures would have on Ghanaian businesses, hindering their competitiveness.
The former President expressed concern about the economic crisis, citing a 14% unemployment rate. He attributed the economic challenges to the current government and called for a change in the status quo for the sake of Ghanaians and the country’s future.