Connect with us

Politics

Scrap Counterproductive Taxes – NDC To Govt | Politics

Published

on


The National Democratic Congress (NDC) has called on government to urgently scrap what it described as “obnoxious and counterproductive” taxes that are creating more hardships for Ghanaians.

These taxes, the NDC stated, were the 1.5 per cent Electronic Transfer Levy (E-levy), the one per cent COVID-19 levy on the Value Added Tax Flat Rate and the National Health Insurance Levy.

Other taxes were the Special Petroleum Tax, the Sanitation Levy, the new Energy Sector Levy on petrol, diesel and Liquefied Petroleum Gas (LPG) as well as the Price Stabilisation and Recovery Levy.

Addressing a press conference in Accra on Wednesday (August 3, 2022), the National Communications Officer of the NDC, Sammy Gyamfi, further called on the government to relieve both the Vice President, Dr Mahamudu Bawumia, as head of the Economic Management Team and Ken Ofori-Atta as Finance Minister for mismanaging the country’s economy.

Tool puzzles

The NDC further pointed out that the two personalities should be replaced with fresh and competent people with new ideas to handle the economy.

They stressed that such a measure would be “the last two puzzles” for the government to resolve to be able to bring the economy back on track, restore investor confidence and ameliorate the sufferings of Ghanaians.

“It is about time our tired, clueless and incompetent Vice President is finally relieved for new ideas and competent hands to take over and steer the Economic Management Team at this time of unspeakable hardships,” Mr Gyamfi intimated.

On the other hand, the communications officer intimated that “regardless of our running to the International Monetary Fund (IMF), the only way to begin the process of rebuilding the economy, if we are to get any good deal from the IMF, is to sack Ken Ofori-Atta immediately and appoint a fresh, able hand to lead the IMF negotiations”.

Mr Gyamfi further alleged that President Akufo-Addo’s cousin had run down the country’s economy through excessive borrowings and that his name scares away investors and evokes a feeling of insecurity for every Ghanaian”.

Impact of mismanagement

The communications officer explained that the mismanagement of the economy by the duo had led to high inflation rates, high fuel prices, crippling fuel taxes such as the Sanitation Levy, Special Petroleum Tax, new Energy Sector Levies and Price Stabilisation and Recovery Levy.

He said the COVID-19 Levy and E-Levy, deteriorating exchange rate due to worsening fiscal position and worsening unemployment situation, were all the by-products of economic mismanagement by the two.

On inflation, he noted that the rate stood at 15.4 per cent in December 2016, but as of June 2022, the country recorded “a whopping 30 per cent which was the worst in the sub-region and in fact the worst inflation Ghana had recorded in the last nineteen years”.

Mid-year Budget

Touching on the mid-year budget, Mr Gyamfi argued that one would have thought that this mid-year period would have at least afforded government the opportunity to take urgent steps towards arresting the ever-rising inflation rate.

Sadly, he said, last week, the Finance Minister in his 2022 Mid-year Budget Review Statement to Parliament projected an end-of-year inflation rate of 28.5 per cent.

Comparison, misplaced priorities

Mr Gyamfi further posited that “misplaced priorities have underlined the ruling government’s expenditure in the last five and a half years”.

Tax revenues, borrowed funds, Eurobonds, oil revenues and donor funds amounting to GH¢ 500 billion accrued to this government in the last five years.

However, the communications officer observed that the Auditor-General’s reports from 2017 to 2020 showed shocking revelations about this government’s continuous waste of meagre state resources.

Comparatively, he said the Akufo-Addo-Bawumia-led government had had more funds than the Mahama-led NDC’s paltry GH¢ 200 billion.

Source: graphic.com.gh

 

 

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Featured Video



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published.

Politics

Nana Addo denies backing presidential candidate for Nigeria elections

Published

on



In a Twitter post, the President said the letter was completely false and mischievous.

He said, “My attention has been drawn to a disturbing post making the rounds on social media, where it is alleged I have written to the 2023 presidential candidate of the APC, Asiwaju Bola Tinubu, to ‘give Peter Obi a chance and seek treatment for his health’.

This is completely false and mischievous, with no iota of truth whatsoever in it.

I have written no such letter to the APC leader, and it will not occur to me to do so. Ghana and Nigeria boast of decades of cordial, strong, and brotherly relations, and I am not going to be the one to interfere in the internal affairs and politics of Nigeria,” Nana Addo added.

With dates for the 2023 Nigeria general elections now set by the Independent National Electoral Commission (INEC) – the presidential and National Assembly poll is set for February 25, governorship and other subnational elections are scheduled for March 11, 2023, and the countdown is underway for what will be the seventh consecutive elections since the return to democracy in 1999.

The INEC had earlier announced that only 18 political parties would take part in the 2023 general elections.



Source link

Continue Reading

Politics

Presidential Elections: Akufo-Addo Denies Backing Any Candidate In Nigeria | Politics

Published

on


President Nana Addo Dankwa Akufo-Addo has described as “fake”, media reports suggesting he was interfering in the upcoming Nigerian presidential elections.

He said: “I have written no such letter to the APC leader, and it will not occur to me to do so. Ghana and Nigeria boast of decades of cordial, strong and brotherly relations, and I am not going to be the one to interfere in the internal affairs and politics of Nigeria”.

In a tweet he wrote:

Source: Peacefmonline.com

 

 

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.

Featured Video





Source link

Continue Reading

Politics

‘Breaking the eight’ is a shared responsibility – Dr Adutwum

Published

on


Politics Parliamentarian Meeting
Politics Parliamentarian Meeting

Spining

The leadership, rank and file of the New Patriotic Party (NPP) have been advised to remain united and overcome petty squabbles in their bid to consolidate power in the 2024 elections.

Dr Yaw Osei Adutwum, the Minister of Education, and Member of Parliament (MP) for Bosomtwe, said the task ahead, though difficult, was surmountable.

He said working with unity of purpose to achieve the NPP’s agenda was non-negotiable given the fact that no political party had gone beyond two terms in governance under the Fourth Republican Constitution.

Addressing a constituency meeting of party stakeholders at Jachie in the Ashanti Region, Dr Adutwum said the Party had so far delivered on its campaign promises, citing how some pro-poor initiatives such as the Free Senior High School Programme had helped to alleviate the plight of Ghanaian parents.

In his view, the NPP was better placed to address the developmental challenges confronting the society because of its track record in democratic governance, infrastructural development, and job creation among others.

He advised the members to work assiduously in their various capacities to realise the NPP’s goals, emphasising that the Party’s agenda of ‘breaking the eight’ called for a shared responsibility.

The constituency meeting was attended by polling station coordinators, assembly members, party delegates and executives.

It discussed issues relating to the development of the party, welfare of members, ongoing infrastructural works and strengthening party structures.

Dr Adutwum assured the constituents that no community would be left out in the provision of the requisite social amenities meant to uplift the living conditions of the people.

He used the occasion to thank the people for their unflinching support as he sought to work in their interest.

Mr Aikins Addai Poku, the Bosomtwe Constituency Chairman of the NPP, said every effort was being made by the executives to improve the party’s support base in the constituency.

Mr Joseph K. Asuming, the Bosomtwe District Chief Executive, attributed the fast development of the area to the government’s commitment to up the execution of infrastructural projects for the benefit of the people.

Send your news stories to newsghana101@gmail.com and via WhatsApp on +233 244244807
Follow News Ghana on Google News

Aviator



Source link

Continue Reading

Trending