Monday, 17 June

Tax audits: I won't harass you with EOCO - Mahama promises businesses

Politics
John Dramani Mahama

Former President John Mahama says his next administration, should he win the 7 December 2024 presidential election, will not use state institutions to harass businesses.

Speaking at the 8th Ghana CEO Summit in Accra on Monday, May 27, the former President also promised to cut government spending.

"We will do this by pruning the huge government expenditures, preventing waste and corruption, and boosting revenues by expanding the tax net," Mr Mahama noted. 

"We will simplify the VAT and streamline its collection," promised Mr Mahama. 

Also, he said: "We will abolish the e-levy and some taxes that have become a burden on businesses and households." 

"We will not burden you with endless tax audits and harass you with EOCO.”

The Flagbearer of the main opposition National Democratic Congress said fixing the economy and stabilising the cedi would be among his first 100-day priorities.

“The number one priority will be stabilising the economy and restoring a stable currency by launching an urgent economic recovery and fiscal consolidation plan following a national economic dialogue to be held within one hundred days of assumption of office.”

Source: Classfmonline.com