The Traders Advocacy Group Ghana has praised the 2025 budget statement from His Excellency John Dramani Mahama and the Ministry of Finance for its policies like eliminating the E-Levy. TAGG supports investments in education and small businesses while advocating for VAT reforms and collaboration for smooth implementation. Overall, the group remains optimistic about the future economic landscape in Ghana.
The Traders Advocacy Group Ghana (TAGG) has expressed appreciation towards His Excellency John Dramani Mahama and the Ministry of Finance, led by Dr. Cassiel Ato Forson, for their commendable 2025 budget statement. The advocacy organization has shown strong support for the newly proposed policy changes, particularly the elimination of the Electronic Levy (E-Levy), Betting Tax, and other charges, which they assert will alleviate financial burdens on Ghanaians.
TAGG characterized the budget as a commitment to fostering sustainable economic growth, social equity, and necessary infrastructure development. They particularly applauded the mention of Value Added Tax (VAT) reform, expressing enthusiasm for the practical application of these changes while also voicing concerns regarding the burdensome high port levies affecting traders.
The group highlighted various positive aspects of the budget, such as dedicated investments in education, the distribution of sanitary pads for schoolgirls, and initiatives designed to empower small enterprises. The proposal for establishing a women’s bank was notably recognized as a vital initiative to bolster female entrepreneurship, with TAGG believing these policies could stimulate innovation, job creation, and improvements in public services across Ghana.
Furthermore, TAGG pointed out that their vision of broadening the tax base corresponds with the Finance Ministry’s strategy to collaborate with the International Monetary Fund (IMF) concerning VAT system restructuring. TAGG is optimistic that these efforts will contribute to a more robust business climate in Ghana.
In the future, TAGG has committed to working alongside the Finance Ministry and other partners to facilitate the effective implementation of the budget policies. The group reaffirms its dedication to promoting initiatives that benefit traders and enhance economic development in the country.
In summary, the Traders Advocacy Group Ghana has commended the recent budget statement from His Excellency John Dramani Mahama, identifying it as a step towards economic growth and equity. The elimination of certain taxes, investment in social initiatives, and commitment to collaboration in implementing the budget policies stand out as key points. TAGG is hopeful that outlined policies will eventually lead to a more favorable business environment and greater support for traders throughout Ghana.
Original Source: www.ghanaweb.com
