NDC flagbearer John Mahama has promised to scrap some 10 "draconian taxes" if he wins the 2024 elections.
According to the former President these taxes will be scrapped within its first 90 days in office.
This is to alleviate hardships and ease the high cost of doing business.
This came to light during the NDC's 2024 manifesto launch in Winneba on Saturday, August 25, 2024.
Below are the taxes
1. E-levy
2. COVID levy
3. 10% levy on bet winnings
4. Emissions levy
To further ease hardships, the NDC will:
5. Review Import duty on vehicles and equipment imported into the country for industrial and agricultural purposes.
6. Apply the Price Stabilization and Recovery Levy on fuel to cushion consumers.
7. Rationalize fees and charges at our ports to reduce the burden on importers and Ghanaians.
8. Undertake a comprehensive reform of Ghana’s VAT regime to provide relief for households and businesses. This will include:
* reversing the decoupling of GETFund and NHIL from VAT
* upwardly adjusting the VAT registration threshold to exempt micro and small businesses
* repealing the law imposing VAT on domestic electricity consumption.
* reversing the VAT flat rate regime
To enhance revenue mobilization, we will:
9. broaden the tax base and plug leakages in tax collections.
10. review the tax exemption regime to promote transparency, economic growth, technology transfer and job creation.