Where will revenue come from if you take out all the levies?- Joe Jackson asks Mahama

Chief Executive Officer of Dalex Finance, Mr Joe Jackson has wondered where the incoming Mahama administration will generate revenue from for development if he removes all the taxes he promised to abolish.

In the view of Mr Jackson, there are going to be huge challenges in managing the economy, especially in relation to its manifesto pledge to remove some taxes including the e-levy.

It is recalled that ahead of the 2024 general elections, the candidate for the National Democratic Congress (NDC) John Dramani Mahama promised Ghanaians to scrap some nuisance taxes in his first 100 days in office.

The taxes include E-levy, COVID levy, 10% levy on betting, emissions levy, and import duty on vehicles and equipment imported into the country for industrial and agricultural purposes.

Speaking on TV3 Friday, December 13, Mr Joe Jackson said “Let us not be mistaking, in 2025, we have to look at how are we performing in terms of revenue because some of the items are going to go out.

“There has been a manifesto commitment to take out the e-levy, betting tax, the covid levy. ”

“So a lot of issues are going to come out and I have no doubt in my mind that the challenge is going to be huge.”

He added “you say you are going to remove tax A,B,C,D. But where is the money going to come from?”

Asked why anybody would want to be president in 2025 given the impending huge challenges, he said “Because somebody has to step up and rule, somebody has to step up and fix the country, somebody has to step up.”

 

 

 

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