President of IMANI Africa, Franklin Cudjoe has voiced his concerns over the relentless imposition of taxes by the current New Patriotic Party (NPP) government, expressing sympathy for Ghana’s future president.
The latest addition to the tax burden is the implementation of the Value Added Tax (VAT) on residential electricity consumption, effective January 1. Franklin Cudjoe anticipates the likelihood of further taxes, given the government’s pursuit of increased revenue.
In an interview on The Big Issue on Citi TV, Mr Cudjoe underscored the crucial need for prudent economic management. He shared his apprehensions for the next president, who will grapple with the challenges posed by the numerous tax policies.
“I think it is important to be very careful how we want to deal with this economy. I pity the next president of this country because what it means is that you are going to deal with this nonsense of taxes and there will be no breathing room at all,” he stated.
The continuous introduction of taxes has sparked discussions about the economic implications and the burden it places on the country’s leadership. Mr Cudjoe’s remarks add to the ongoing discourse, highlighting the potential challenges awaiting Ghana’s future president in navigating the economic landscape shaped by these taxation policies.
tigpost.co