By Roselyn Gayaglo
In the wake of Former President John Dramani Mahama’s declaration as the winner of the 2024 presidential election, attention has turned to his economic agenda for the first 100 days in office. President-elect John Mahama indicated in his party manifesto some bold initiatives signaling the intent to address pressing economic challenges while laying the groundwork for long-term growth and development.
Business News in the following report takes a closer look at the policies poised to reshape the nation’s economic landscape.
Some months ago, the president-elect announced a comprehensive plan to tackle economic challenges and ease financial burdens on citizens and businesses. Among his key priorities is hosting a National Economic Dialogue to assess the economy’s true state and design a homegrown fiscal consolidation program to guide the nation’s budget.
In a bid to alleviate hardships, the president-elect pledged to scrap several contentious taxes within 100 days, including the E-levy, COVID levy, the 10% levy on bet winnings, and the Emissions levy. These measures aim to reduce the high cost of doing business and improve livelihoods. The new administration will also review taxes and levies on vehicles and equipment imported for industrial and agricultural purposes to support economic productivity.
Furthermore, efforts will begin to draft legal amendments necessary for implementing a 24-hour economy policy, signaling a push for increased economic activity and job creation around the clock. To drive export growth and economic transformation, the president plans to establish an Accelerated Export Development Council (AEDC) to promote and expand the nation’s exports.
These initiatives represent the incoming president’s commitment to revitalizing the economy, fostering growth, and delivering relief to citizens in the early days of his administration.
Ghanaians are therefore waiting keenly to see if these policies will be implemented fully by the next administration.
