Ghanaians to enjoy tax cut says newly elected President Nana Akufo-Addo

While Nigerian President Buhari is busy inflicting untold hardship on Nigerians with various forms of taxes and levies in the heat of economic recession which is largely brought about by his lack of basic economic knowledge of running a nation with several unqualified members of his cabinet not having the requisite skills to run their various ministries, department and agencies, busy witch-hunting his perceived political rivals with security agencies, reverse is the case in Ghana.

His counterpart in Ghana, President Nana Akufo-Addo has announced his resolve to reduce taxes in a bid to encourage various businesses to grow, which will in return boost the economy of the country, and protect the public purse by ensuring that the country gets value for money on all services.

Though the strategy he wishes to employ to enable him achieve a tax cut policy and still stick to an IMF austerity plan that was a condition of a 918 million dollars bailout is not yet clear, but it is a good.

“We will reduce taxes to recover the momentum of our economy,” said Akufo-Addo, wrapped in a traditional kaleidoscopic “kente” robe.

“Ghana is open for business again.” The inauguration attracted Ghanaians in their thousands who were also well dressed in their kente singing and clapping, drumming and dancing.

Akufo-Addo suggested government money would be spent wisely.

“I shall protect the public purse by insisting on value for money,” he said.

“Public service is just that: service, and is not to be seen as an opportunity for making money.

” Ghana expects growth will return to above eight per cent in 2017 as new oil and gas fields from Tullow and ENI come on tap.

Akufo-Addo served as one time foreign minister and attorney general in the NPP government that ruled between 2001 and 2009.

Before his victory in the last election, he had in the past lost close battles for the presidency on two occcasions. He is the son of a former chief justice and non-executive president of Ghana.

During his campaign, he had accused the Mahama administration of corruption and incompetence, charges the outgoing president denied.

The swearing in ceremony was also attended by lots of African leaders and other international dignitaries, including President Muhammadu Buhari, Chadian President Idris Deby, President Ellen Johnson Sirleaf of Liberia and former UN chief Kofi Annan.

Ghanaians are proud of having a stable democracy and acutely aware that it is a rarity in turbulent region.

Akufo-Addo’s New Patriotic Party also won a majority of 169 seats in Parliament while the former ruling National Democratic Congress now has 106 seats.