- Mahama aims to prioritize economic stability
- A central initiative in Mahama's plan is to create a 24-hour economy focused on local production
- Mahama pledges prudent fiscal management
Former President John Dramani Mahama has pledged to leverage his extensive experience to implement transformative policies aimed at resetting Ghana within four years if re-elected as President.
Addressing journalists ahead of the 2024 General Election, Mahama acknowledged the challenge of fully transforming the country in such a short time but emphasized prioritizing economic stability and bolstering the local currency to alleviate hardships faced by citizens.
Key among his proposed initiatives is the establishment of a 24-hour economy focused on local production to meet domestic demand and capitalize on the African Continental Free Trade Area Agreement for regional exports.
“Companies participating in the 24-hour economy will benefit from tax incentives aimed at boosting local production and youth employment,” Mahama stated firmly, outlining his commitment to fulfilling government obligations to support these efforts.
Recognizing Ghana’s economic struggles, Mahama pledged prudent fiscal management, including a special committee to audit large-scale government procurements and prioritizing the completion of stalled projects before embarking on new ones.
He also underscored plans to rejuvenate the cocoa sector to enhance productivity and foreign exchange earnings, affirming continuity with Ghana’s Programme with the International Monetary Fund while seeking to adjust its terms to alleviate public burdens.
Furthermore, Mahama promised tax reforms aimed at easing the load on businesses and taxpayers, including the abolition of what he described as burdensome levies like the COVID-19 Levy and E-Levy, alongside efforts to streamline and expand the tax base.
With these measures, Mahama aims to chart a course of economic renewal and prosperity for Ghana, anchored in sustainable growth and equitable development.
