Source: newsthemegh.com
The Ghana Union of Traders Association (GUTA) has requested that Dr. Mohammed Amin prioritize putting policies in place that will provide a break to Ghanaians upon his appointment as Finance Minister.
“What we’re expecting is that the change made by the President would necessitate a respite to the business community and the consuming public.” GUTA President Dr. Joseph Obeng stated in an interview with the Ghana News Agency.
“For all these years, what we’ve been talking about is for the government to implement policies that would ensure that the cost of doing business in the country is reduced. So, the new Finance Minister should look it this,” he added.
According to Dr. Obeng, deliberate measures that would harmonize tax regimes, lower the price of clearing products at the port, and boost output were necessary given Ghana’s current economic situation.
He argued that similar policy changes ought to be put into place in addition to those that result in reduced lending rates, stable currencies, and lower rates of inflation.
“The government already has its policies; our main concern is how he (the new Finance Minister) drives the policy of state to have a meaningful impact on the people of Ghana,” Dr Obeng said.
He was hopeful that by doing this, “businesses and consumers will breathe a great sigh of relief, and the government will also stand to benefit from the taxes that people pay.”
The appeal is required since Ghanaians’ lives have not yet benefited from macroeconomic advantages stemming from the execution of a US$3 billion loan program with the International Monetary Fund (IMF).
Mr. Ken Ofori-Atta, who has held that position since 2017, has been replaced as the Finance Minister designate by Dr. Mohammed Amin Adam, Minister of State in the Finance Ministry.