Nkonkonsa Celebrity Gossip From Africa
Today, Finance Minister Dr. Cassiel Ato Forson is set to present the 2025 Budget Statement and Economic Policy to Parliament.
This will be the Mahama administration’s first detailed financial plan since coming into power.
There is a lot of anticipation surrounding this budget, as it is expected to introduce strong policies to help stabilize the economy, promote growth, and address the country’s financial issues.
Currently, the nation faces challenges like high debt, inflation, and unemployment.
People are looking to Dr. Forson to share strategies that will offer relief to businesses and households, steering the country towards recovery.
An important part of the budget is the likely removal of certain unpopular taxes, such as the Electronic Transfer Levy (E-Levy), the COVID-19 Health Levy, and the Betting Tax.
These taxes were put in place by the previous administration but faced criticism for adding financial pressure on citizens.
The Mahama government made a campaign promise to reduce the tax burden, and they see the removal of these taxes as a crucial step in easing economic difficulties and encouraging business growth.
Eliminating these taxes is expected to benefit mobile money users, businesses, and people involved in online betting, and it should also boost overall economic activity.
NKONKONSA.com
