President John Dramani Mahama addressed the nation on Wednesday, May 7
President John Dramani Mahama has reaffirmed his government’s commitment to easing the tax burden on the industrial and agricultural sectors by reviewing levies and duties on imported vehicles and equipment.
Speaking in an address to the nation on Wednesday, May 7, 2025, President Mahama stated; “We committed to reviewing taxes and levies on vehicles and equipment imported for industrial and agricultural purposes within our first 90 days. My government has initiated this crucial review process.”
According to the president, the outcome of the comprehensive review will play a significant role in shaping future fiscal policies.
The findings are expected to be reflected in the 2025 Mid-Year Budget Review and fully integrated into the 2026 national budget.
He emphasised that the initiative is aimed at strengthening two key sectors of the economy: industry and agriculture, by reducing operational costs and encouraging investments and productivity.
“This review will ensure we support these vital sectors effectively,” he added.
The move has been welcomed by industry stakeholders who have long advocated for tax reforms to boost competitiveness and drive economic growth.
SP/AE
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