Visit Bad Taxes That Stifle Private Sector Growth - Ghana CEO Network in Government
Some business leaders acrossthe country are calling on the government to use the mid-year budget to revise some of the tax measures introduced in the 2023 budget.
They stressed that most of the new taxes introduced in the budget are not good for the growth of private sector. Speaking at the 7th Ghana CEO Summit and Exhibition, Deloitte Ghana Country Managing Partner, Daniel Owusu, said the review of recurrent budgetsand the transfer of resources to industry and agriculture is necessary to spur growth and employment. .
“With the current International Monetary Fund (IMF) program, the government should use the mid-year budget to review some of the fiscal measures introduced in the 2023 budget,including some new taxes that may affect the productive sector in a way worse. Economy". Companies with limited tax - Mahama
In his opening remarks, former President John Mahama said that despite Ghana's agreement with the IMF, economic players have been taxed heavily, which he said is affecting their operations.
According to him, his team will work together with the private sector for economic recovery when he will be president next December 2024. “By working together, we can leverage our knowledge, resources and experience to implement comprehensive strategies andpolicies that promotesustainable development growth, create jobs and improve living standards for all Ghanaians. We can promoteinnovation and create a flexible,inclusive and globally competitive economy.” Visit Bad Taxes That Stifle Private Sector Growth - Ghana CEO Network in Government
It promises to deliver the 5G revolution and intelligence to fully unleash the potential of digital.
According to him, his government will invest in taking advantage of digital resources to develop and improve production in various sectors of the economy. Meanwhile, the head of Benin, Ghana, Liberia, Sierra Leone and Togo countries at the International Finance Corporation, Kyle Kelhofer, said the $3 billion IMF loan will help boost Ghana'seconomic recovery.
"After the IMF, there are moreopportunities for Ghanaian business in Ghana because ofthis increased stability, stability,competitiveness and economic freedom." Useful tips
The conference took a seriousapproach in bringing benefits to its participants. There are CEO roundtables, plenaries, business cases, master classes, and expert insights with membersand experts from the speaking group. The discussion with the special guest of honour, former President John Mahama, focused on important policy issues ranging from re-launching the economic development process, public sector leaders, business restructuring, social integration and the king in the government's digital economy.
The conference at the 7th Ghana Expo was themed “Governance, Sustainable Corporate Governance and Digital Industrial Transformation: New Paths for Growth and Prosperity”.Dialogue and learning between private and public sector leaders."
He brought together stakeholders, including the CEO Network of Ghana, to restore Ghana's economy and strive forsustainable economic governance. The conference provided diverse, innovative and achievable solutions, promoted the growth of private sector, led discussions on public policy and advocated for best practices that are growing to help the country move to 'face,build a flexible company and develop exceptional leaders.
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