NDC’s flagbearer John Mahama has pledged to scrap the E-levy tax if he wins the 2024 Presidential elections. Mahama made the promise when he addressed the 8th Ghana CEO Summit in Accra on Monday, May 27, 2024.
John Mahama said the NDC’s priority will be to stabilize the economy and enable businesses to thrive. As part of such measures, he said the party will abolish the E-levy to ensure that the burden is taken off Ghanaians.
“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.
“We will do this by pruning the huge government expenditures, preventing waste and corruption, and boosting revenues by expanding the tax net. We will simplify the VAT and streamline its collection. 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,” Mahama told the gathering.
The NDC flagbearer added that the party will continue to advance digital payment solutions for Ghanaians. He also communicated his ambition to phase out cash payments for all government services by 2028. As Mahama explained a cashless society will help ensure transparency in transactions.
We will continue digitalising our revenue collection and payment systems. By 2028, we aim to phase out cash as a form of payment for all government services. We will also entrench the use of POS devices in transactions to make tax and levies collection more transparent. Our economy has long relied on a few key sectors, such as gold, cocoa, and, more recently, oil, which we call the Guggisberg economy.