Slow down on populism – Mahama warned of the implications of scrapping e-levy, betting tax, and others

Former Executive Vice President of Unilever Global Markets Yaw Nsarkoh has raised concerns about taxes targeted by John Dramani Mahama.

Before becoming President-elect, John Dramani Mahama and his National Democratic Congress (NDC) signed a social contract with Ghanaians.

In the said contract, the former president, now president-elect, assured the youth of scrapping the betting tax in his first 90 days in office.

Apart from the betting tax, he assured the people of Ghana of scrapping the e-levy, COVID-19 and emissions levy.

But in a post shared via social media, former Executive Vice President of Unilever Global Markets Yaw Nsarkoh believes that promises are populist and will need to be looked at again.

He argues that the country is bankrupt and these taxes are what bring in revenue to help run the country, indicating that the hole to be created by scrapping it cannot be filled.

Yaw Nsarkoh’s post shared via social media read “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”.

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