The National Democratic Congress (NDC) has announced a plan to ‘reset’ Ghana’s business sector, aiming to restore investor confidence and alleviate financial pressures on businesses if they win the 2024 general elections. During a press briefing on Tuesday, September 2, Saajida Shiraz, the NDC’s Sectoral Spokesperson for Business Development, outlined the severe challenges facing Ghanaian businesses under the New Patriotic Party (NPP) government.
She criticised the adverse effects of high taxes, steep depreciation of the exchange rate, rising interest rates, and increasing utility tariffs on both businesses and livelihoods. Shiraz emphasised that these economic pressures have significantly impacted the business environment and overall well-being of Ghanaians, highlighting the NDC’s commitment to addressing these issues and fostering a more supportive economic climate.
Shiraz outlined several key measures proposed by the NDC, emphasising that the next government would prioritise creating a favourable business environment, rebuilding investor confidence, and expanding the entrepreneurial sector. These measures include easing the tax burden by eliminating the COVID levy, E-levy, and emissions levy; rationalizing import duties; and offering tax incentives, financing support, and reliable power through the “24-Hour Economy” initiative.
Additionally, the NDC plans to launch a “MADE-IN-GHANA AGENDA” to promote the production and consumption of locally-made goods, as well as an “EXPORT GHANA POLICY” to enhance the competitiveness of Ghanaian products in international markets.
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