Ato Forson Urges Government to Abolish Taxes, Citing Inaction on Economic Decline.
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Minority Leader Dr. Cassiel Ato Forson has voiced strong criticism of the government’s economic management during the 2024 Mid-Year Budget Review presented by Finance Minister Dr. Mohammed Amin Adam on Tuesday, July 23, 2024. Dr. Forson argues that the government’s measures have failed to improve the nation’s economic challenges and that new taxes have worsened the situation.
Key points from Dr. Forson’s critique include:
- Increased Taxes: He believes that the introduction of new taxes has aggravated the economic difficulties for Ghanaians and deterred potential investors.
- High Import Duties: Dr. Forson highlighted that elevated import duties have drastically reduced traffic at the Tema port by approximately 50%.
- Economic Hardships: He pointed out the severe impact on the cost of living and high unemployment rates, which are major concerns for the populace.
- Call for Tax Repeal: Dr. Forson recommended that the government eliminate what he views as unnecessary taxes, such as the E-Levy and the Covid-19 levy, to alleviate some of the economic pressures.
Dr. Forson’s comments underscore his belief that current fiscal policies are ineffective and detrimental to economic recovery and growth.
