Traders Advocacy Group Ghana Endorses Mahama’s Forward-Thinking 2025 Budget
The Traders Advocacy Group Ghana has praised the 2025 budget by John Dramani Mahama, noting the removal of certain levies and highlighting a commitment to economic growth and equity. They are particularly interested in VAT reforms and plan to collaborate with the Finance Ministry for successful policy implementation.
The Traders Advocacy Group Ghana (TAGG) commended His Excellency John Dramani Mahama and the Ministry of Finance, headed by Dr. Cassiel Ato Forson, for the 2025 budget statement. The group expressed strong support for the policy changes, particularly the removal of the Electronic Levy (E-Levy) and Betting Tax, which are expected to provide significant relief to citizens.
TAGG highlighted the budget’s focus on sustainable economic growth, social equity, and infrastructure development. The group particularly appreciated discussions surrounding reforms to the Value Added Tax (VAT) noted in the budget speech but urged for tangible implementation of these reforms, expressing concern over persistent high port levies affecting traders.
Moreover, TAGG acknowledged commendable aspects of the budget, such as investments in education, distribution of sanitary pads to schoolgirls, and initiatives supporting small business development. The proposal for establishing a women’s bank garnered praise as a strategic effort to bolster female entrepreneurs. The group believed that effective implementation of these measures would foster innovation, create job opportunities, and enhance public services.
TAGG reiterated its alignment with the Finance Ministry’s intent to engage the International Monetary Fund (IMF) for restructuring the VAT system to broaden the tax base. The organization remains hopeful that these initiatives will cultivate a more favorable business environment in Ghana.
As a step forward, TAGG committed to collaborating with the Finance Ministry and other stakeholders to facilitate the successful execution of the budget items, reaffirming its dedication to advocating for policies that benefit traders and bolster the economy.
In summary, the Traders Advocacy Group Ghana has commended the 2025 budget presented by His Excellency John Dramani Mahama, particularly praising the abolishment of specific levies and the focus on sustainable growth and social equity. TAGG looks forward to effective implementation of the proposals and aims to work collaboratively with the Finance Ministry to ensure the realization of these policies.
Original Source: www.ghanaweb.com
