The Traders Advocacy Group Ghana has praised President Mahama’s 2025 budget statement, particularly the abolishment of the E-Levy and other tax changes, which are expected to alleviate burdens on Ghanaians. They emphasize sustainable growth, support for women entrepreneurs, and collaboration with the Finance Ministry for effective policy execution.
The Traders Advocacy Group Ghana (TAGG) has expressed commendation for His Excellency John Dramani Mahama and the Ministry of Finance, under Dr. Cassiel Ato Forson’s leadership, regarding the 2025 budget statement. TAGG particularly supports the newly introduced policy changes, most notably the elimination of the Electronic Levy (E-Levy), Betting Tax, and other levies, which they believe will alleviate financial burdens on Ghanaians.
TAGG regards the budget as a demonstration of commitment to sustainable economic growth, social equity, and infrastructure advancement. The group has specifically welcomed the discussions surrounding Value Added Tax (VAT) reform highlighted in the budget; however, they are eager to see these reforms enacted practically. They also raised concerns about high port levies that adversely affect traders’ operations.
The advocacy group emphasized numerous positive elements within the budget, including targeted investments in education, provision of sanitary pads to schoolgirls, and programs aimed at empowering small enterprises. They particularly praised the proposal for establishing a women’s bank as a strategic initiative to bolster female entrepreneurship. TAGG is confident that, with effective implementations of these policies, there will be significant innovation, job creation, and enhancement of public services throughout the nation.
Furthermore, the organization noted that its objective to broaden the tax base complements the Ministry of Finance’s efforts to engage with the International Monetary Fund (IMF) to reform the VAT system. TAGG remains optimistic that these initiatives will foster a more prosperous business climate in Ghana.
Moving forward, TAGG has committed to working collaboratively with the Finance Ministry and other relevant stakeholders to facilitate the effective execution of budget policies. The organization reaffirmed its dedication to advocating for supportive measures for traders and the broader economic landscape.
In summary, the Traders Advocacy Group Ghana commended the budget statement presented by His Excellency John Dramani Mahama, particularly appreciating the removal of certain levies and the proposed VAT reforms. TAGG sees potential in various budget components, including investments in education and the establishment of a women’s bank, which could promote economic growth and social equity. Furthermore, their commitment to collaborate with the Finance Ministry indicates a proactive approach towards implementing these financial policies effectively.
Original Source: www.ghanaweb.com
