Traders Advocacy Group Ghana Commends Mahama’s 2025 Budget Proposal

The Traders Advocacy Group Ghana has praised John Dramani Mahama’s 2025 budget statement, particularly the removal of the E-Levy and other taxes. They support the budget’s alignment with sustainable growth and social equity, emphasizing the need for effective VAT reform implementation. TAGG is committed to working with the Finance Ministry on the budget’s initiatives to promote economic prosperity for traders and the nation.

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, for their forward-looking 2025 budget statement. They specifically acknowledged the removal of the Electronic Levy (E-Levy), the Betting Tax, and other charges, viewing these changes as beneficial relief for Ghanaians.

TAGG emphasized that the budget reflects a dedication to sustainable economic growth, social equity, and substantial infrastructure development. They were particularly enthusiastic about the proposed reforms concerning the Value Added Tax (VAT) mentioned in the budget, while simultaneously voicing their desire for an actionable implementation of these reforms and addressing challenges associated with elevated port levies impacting traders.

Several commendable aspects of the budget were highlighted by TAGG, including investments in education, the distribution of sanitary supplies to schoolgirls, and initiatives to empower small businesses. The introduction of a women’s bank was notably commended as an essential strategy for supporting female entrepreneurs, with TAGG advocating for the effective realization of these initiatives to spur innovation, job creation, and enhanced public services across the country.

TAGG reiterated its vision of an expanded tax base, which aligns with the Finance Ministry’s intention to collaborate with the International Monetary Fund (IMF) to strategically restructure the VAT framework. The organization remains hopeful that these initiatives will cultivate a more prosperous business atmosphere in Ghana.

Looking forward, TAGG committed to partnering with the Finance Ministry and relevant stakeholders to facilitate the effective execution of the budget policies and reaffirmed its dedication to advocating for trader-supportive policies within the economic landscape.

In conclusion, TAGG has positively recognized the initiatives set forth in Mahama’s 2025 budget statement, particularly the elimination of several levies and the focus on sustainable growth. Their support hinges on the effective implementation of proposed reforms, especially in the VAT sector. Furthermore, the group looks forward to collaborating with the government to ensure that the outlined measures are effectively executed, believing that these changes will foster economic progress and sustained support for traders.

Original Source: www.ghanaweb.com