The flag bearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has outlined plans to host a National Economic Dialogue within the initial 120 days of his presidency, aiming to craft a robust 4-year fiscal consolidation program. This, he said, is central to his vision for economic revitalization.
Mahama shared this commitment at the unveiling of the NDC’s 2024 manifesto in Winneba on August 24. He said the economy of the country needs to be revived by pragmatic policies the NDC has lined up in the manifesto. Mahama said his government will convene competent stakeholders to work on the ailing economy.
Below are some measures he outlined to help fix the economy
- Rationalise taxes.
- Abolishing among others E-levy, COVID levy, and 10% levy on bet winnings.
- Review import duties and levies on vehicles and equipment meant for industry and agricultural purposes.
- Rationalise ports fees and charges.
- Implement emergency measures to stabilize the Ghana Cedi and the macro-economy.
- Use Price Stabilization and Recovery Levy to cushion consumers.
- Investigate NPP’s opaque Gold-for-Oil deal.
- Review the Gold Purchase Programme of the Bank of Ghana.
- Restore the licenses of wrongfully collapsed banks and financial institutions.
- Increasing indigenous participation in the banking and financial sector.
- Free statutory funds (GETFUND, NHIL, Road Fund…) for their mandated objects.
Source: Myxyzonline.com