Mahama questioned on how to fill the hole he’ll create when betting tax and e-levy are scrapped

Former Executive Vice President of Unilever Global Markets Yaw Nsarkoh has questioned President-elect John Dramani Mahama on how he intends to fill the hole that will be created when he scraps the taxes he has promised to.

Prior to the election of 2024, John Dramani Mahama, in a social contract with Ghanaians, promised to scrap some taxes he describes as nuisance taxes.

Among these taxes are the betting tax, e-levy, COVID levy, and emissions tax.

Yaw Nsarkoh is worried that populism can lead Ghana into the ditch, as John Dramani Mahama hasn’t provided a clear-cut plan on how he intends to generate revenue to cover the taxes he intends to scrap.

In a series of posts on social media, Yaw Nsarkoh said, “Revenue from the 3 JDM ‘targeted taxes’ comes to GHS 1trn in 2024. That kind of hole cannot just be filled “from somewhere else!” Slow down on populism, tax policies can be scientifically modelled. Do so. We are bankrupt”.

Adding that “On what econometric model, anywhere in this world, can the elimination/reduction of a betting tax be justifiable, in a bankrupt country? Don’t take false steps!!“.

He warned that “Precipitate & populist tax cuts, are a dangerous road to hell, one paved with several good intentions! New governments had better beware!“

The post Mahama questioned on how to fill the hole he’ll create when betting tax and e-levy are scrapped appeared first on MyNewsGh.