madimage

Connect with us

Hi, what are you looking for?

Politics

24-hr Economy: Mahama promises cheaper, reliable electricity, tax reliefs

24-hr Economy: Mahama promises cheaper, reliable electricity, tax reliefs

24-hr Economy: Mahama promises cheaper, reliable electricity, tax reliefs

Ghana’s Opposition Leader and former President of John Dramani Mahama has announced a proposal to reduce the cost of electricity tariffs and provide tax relief for businesses participating in a 24-hour economic policy set to be implemented if he wins crucial 2024 polls.

John Mahama, the NDC flagbearer, believes that this initiative will help revitalize the struggling economy, increase productivity and efficiency, and ultimately create a thriving and dynamic economy that benefits both workers and businesses. To achieve this, there would be improved security and public safety, leading to a significant recruitment drive in the security services and private security operations.

Additionally, participating businesses would receive cheaper and more reliable electricity through a time-of-use tariffs system. They would have access to modern smart meters calibrated to charge lower tariffs during off-peak hours. Moreover, these businesses would also receive tax incentives to further reduce operations costs and enhance competitiveness.

During his New Year message on January 3, 2024, Mahama outlined his plans to establish and personally chair an Accelerated Export Development Council. This council aims to boost Ghana’s export drive by leveraging the ECOWAS Trade Liberation Scheme and the African Continental Free Trade Agreement. According to Mahama, the 24-hour economy is a game-changer and has been successfully implemented by nations like the United Kingdom, the United States, and South Korea.

Citing South Korea as an example, he emphasized the transformative power of the 24-hour economy and its ability to take a country from underdeveloped to highly developed. He believes that implementing the Mahama 24-hour economy is the right move for Ghana, as it will stimulate the manufacturing industry and transform the country into an export-focused economy known for producing high-quality goods.

24-hr Economy: Mahama promises cheaper, reliable electricity, tax reliefs

There is a good reason why you should support the African Editors. Not everyone can afford to pay for news right now. That is why we keep our journalism open for everyone to read, including in Ghana. If this is you, please continue to read for free. But if you are able to, then there are three good reasons to support us today.

1. Our quality, journalism is a scrutinising force at a time when the rich and powerful are getting away with more and more.

2. We are independent and have no billionaire owner pulling the strings, so your money directly powers our reporting.

3. It doesn’t cost much, and takes less time than it took to read this message.

Help power the African Editors' journalism for the years to come, whether with a small sum or a larger one. If you can, please support us on a monthly basis from just 1 Ghana Cedi through mobile money number: 0599896099/ +23359989609 and you can be rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.

Click to comment

Leave a Reply

You May Also Like

Video

Kagame Tells Europe that Africa Doesn’t Need Adult Supervision but Fair Trade.    There is a good reason why you should support the African...

Video

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos.

News

Daasebre Oti Boateng introduces Root-Based Model to Akufo-Addo, Bawumia, commends them for 2021 Census & Covid-19 fight Omanhene of New Juaben, Chancellor of All...

Health

Neglected tropical diseases rising in E/R- GHS Eastern Regional Health Directorate says there is disturbing increase in cases of neglected tropical Diseases in the...

Copyright © 2023, Africaneditors.com Ltd was developed by Wordswar Technology & Investment, Inc. Contact us on +233246187160

%d bloggers like this: