The Traders Advocacy Group Ghana praised John Dramani Mahama and Dr. Cassiel Ato Forson for the 2025 budget, commending the abolition of certain levies and highlighting budget components like education investment and the women’s bank initiative. They emphasized the need for effective VAT reforms and expressed commitment to collaboration for policy execution to enhance Ghana’s economic environment.
The Traders Advocacy Group Ghana (TAGG) commended His Excellency John Dramani Mahama and the Ministry of Finance, under Dr. Cassiel Ato Forson’s leadership, for the progressive 2025 budget statement. The group appreciates the elimination of the Electronic Levy (E-Levy), Betting Tax, and other levies, viewing these changes as a substantial relief for the citizens of Ghana.
TAGG emphasized that the budget reflects a dedication to sustainable economic growth, social equity, and infrastructure advancements. They especially noted the discussions regarding Value Added Tax (VAT) reform and expressed their desire to witness its effective implementation while also voicing concerns regarding elevated port levies that impact traders adversely.
The advocacy group pointed out several beneficial aspects of the budget, including focused investments in education, distribution of sanitary pads to schoolgirls, and support initiatives for small businesses. The proposal for a women’s bank was particularly appreciated as a crucial initiative to empower female entrepreneurs, with TAGG asserting that effective execution of these policies could foster innovation, generate employment, and improve public services.
Furthermore, TAGG recognized that its goal of expanding the tax base is in harmony with the Finance Ministry’s plans to collaborate with the International Monetary Fund (IMF) for a strategic VAT system reorganization. The group is hopeful that these efforts will enhance the business climate in Ghana.
Looking forward, TAGG committed to working alongside the Finance Ministry and other stakeholders to facilitate the implementation of the budget policies. The organization pledged its ongoing advocacy for trader-friendly policies that stimulate economic development.
In conclusion, TAGG’s endorsement of the 2025 budget reflects its alignment with governmental efforts to foster economic stability and growth in Ghana. By advocating for key reforms and expressing support for initiatives beneficial to various demographics, TAGG aims to ensure successful policy implementation, contributing to national prosperity.
Original Source: www.ghanaweb.com
