TAGG has praised Mahama’s 2025 budget statement for eliminating the E-Levy and other levies, targeting sustainable growth and social equity. They support VAT reforms and highlighted investments in education and women’s bank initiatives. TAGG commits to collaborate with the Finance Ministry for successful policy implementation.
The Traders Advocacy Group Ghana (TAGG) has praised John Dramani Mahama and Finance Minister Dr. Cassiel Ato Forson for the 2025 budget statement. They commend the decision to eliminate the Electronic Levy (E-Levy), Betting Tax, and other levies, believing these changes will alleviate financial burdens on Ghanaians. TAGG emphasizes the budget’s focus on sustainable economic growth, social equity, and infrastructure development.
A specific highlight from TAGG is the proposed reform of the Value Added Tax (VAT), which they strongly support. However, they are eager to see the reforms put into practice and expressed concerns about high port levies that impact traders negatively. Positive elements of the budget also include investments in education, distribution of sanitary pads to school girls, and initiatives for small business empowerment.
TAGG notably praised the idea of establishing a women’s bank, viewing it as a strategic support for female entrepreneurs. They believe that effective implementation of these policies can drive innovation, create jobs, and enhance public services in Ghana. TAGG’s vision for broadening the tax base is compatible with the Finance Ministry’s initiative to seek assistance from the International Monetary Fund (IMF) for VAT restructuring.
Looking forward, TAGG is committed to working with the Finance Ministry and other stakeholders to ensure the successful rollout of the budget policies. Their advocacy will continue to focus on enhancing conditions for traders and promoting economic stability in the nation.
The Traders Advocacy Group Ghana commended the 2025 budget statement by Mahama and the Ministry of Finance, especially the abolishment of various levies. They anticipate effective VAT reforms and other pro-business initiatives to foster growth, innovation, and public service improvements. TAGG reaffirms its commitment to collaborating with government stakeholders for successful implementation of these budgetary policies.
Original Source: www.ghanaweb.com
