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WE WILL STRENGHTEN GHANA’S EXTRACTIVE INDUSTRY FOR ECONOMIC PROSPERITY – Mahama

In a recent statement, former President John Mahama presented a comprehensive plan to strengthen Ghana’s extractive industry in order to increase national revenue, improve local participation, and lessen the tax burden on people and businesses w

A variety of strategies, including legislative reviews, anti-corruption campaigns, strategic investments, and sector-specific changes, are included in the visionary approach.

Mahama’s broad vision acts as a guide for directing the country toward increased economic success.

The promise to review current laws governing the extractive industry, to conduct a comprehensive legislative appraisal, to maximize Ghana’s share of revenue from natural resources, and to encourage greater local participation in the extraction processes are at the heart of Mahama’s vision.

With this project, the people of Ghana will hopefully benefit from resource extraction in a more equitable manner.

The statement emphasizes how the suggested actions, which range from sector-specific reforms to legislative assessments, are in line with the overarching goal of building a robust and diverse economy that serves every person.

“We would review our laws governing the extractive industry so that Ghana can increase its share and local participation in exploiting our natural resources.

“With improved revenues from the savings made from a reduced size of government, anti-corruption fight, fast-tracked operationalization of new oil and gas wells, increased investment in the mining sector, and a revamped cocoa sector, we can ease the heavy burden of tax that has been placed on Ghanaian households and businesses.”

#24HourEconomy speech at the Ghana CEO Cocktail.

 

 

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