Ghana will have lowest tax rate in ECOWAS under my presidency – Alan

The founder and leader of the Movement for Change, Alan Kyerematen, has pledged to abolish several taxes imposed on imports that he said are unnecessary and a huge burden to the trading community.

He said the abolishment of such taxes and levies would make Ghana the country within the ECOWAS subregion with the lowest tax regime.

He promised that taxes and other charges on the importation of spare parts would be abolished two years into his administration.

Bemoaning the plethora of taxes that make doing business difficult in Ghana, the President of GUTA, Dr

In another groundbreaking and innovative approach, Alan Kyerematen intimated that a government under his leadership will shift from the current heavy reliance on indirect taxes to direct taxes.

“I will ensure a recalibration of the existing tax regime structure to optimize revenue mobilization from direct taxes (personal and corporate), and reduce over-reliance on indirect taxes (import duties, levies, and charges) to make the corporate sector more competitive and profitable.”

Kyerematen based his remarks on the plans set out in his Great Transformational Plan (GTP) which seeks to move beyond mere promises of political party manifestoes to actual plans that can deliver the vision of Ghanaians for a prosperous, united, and peaceful Ghana that provides equal opportunities for all, especially young people, women, and other vulnerable groups.