If the National Democratic Congress (NDC) wins the general elections in 2024, they intend to “reset” Ghana’s corporate sector in an effort to boost investor confidence and lessen financial pressure on companies. The NDC’s Sectoral Spokesperson for Business Development, Saajida Shiraz, described the serious obstacles that the New Patriotic Party (NPP) government is posing to Ghanaian companies during a news conference on Tuesday, September 2.She criticized the detrimental consequences on businesses and livelihoods of high taxes, sharp currency rate depreciation, rising interest rates, and rising electricity tariffs.
Shiraz emphasized that the business climate and general well-being of Ghanaians have been severely harmed by these economic constraints, underscoring the NDC’s commitment to resolving these concerns and promoting a more favorable economic climate.Reiterating that the next government would prioritize fostering a favorable business climate, restoring investor confidence, and growing the entrepreneurial sector, Shiraz underlined five important proposals put forth by the NDC.
The “24-Hour Economy” plan offers tax advantages, financing support, and reliable power. It also rationalizes import customs and eases the tax burden by doing away with the COVID, E, and emissions levies.The NDC also intends to introduce a “EXPORT GHANA POLICY” to increase the competitiveness of Ghanaian goods in foreign markets, as well as a “MADE-IN-GHANA AGENDA” to encourage the production and consumption of locally created items.
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SOURCE https://dew360.net
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