Vice President Dr Mahamudu Bawumia in a speech on Wednesday evening at an auditorium in Accra, gave a lecture on how he plans to govern the country if he is elected in the upcoming general later this year in December.
In his speech, the Vice President stated that he would abolish the controversial E-levy tax as well as the recent emissions levy.
Driving the News
The Vice President in his speech in which he unveiled numerous policies, stated that if he were elected, his administration would abolish both E-Levy, the emissions Levy as well as the betting tax.
Why This Matters
The E-levy is a controversial bill that was introduced in 2022. The levy placed a 1.5% tax on the electronic movement of mobile money on users. The level was later reduced to 1% in 2023.
The emissions tax, which was just passed earlier this year, would tax vehicle owners a specific amount to be paid annually depending on the vehicle they drove.
Both taxes are controversial as most of the general public feel it places an unnecessary burden on their finances.
Zooming Out
The Vice President will be going against the former president, John Mamaha of the National Democratic Party, as they both contest for the presidency in 2025.
The current administration is facing numerous challenges including high inflation, a high exchange rate to the dollar, and a stringent $3 billion IMF programme all of which have soured public opinion on the currently ruling party.
Some early polls have the former president winning the presidency in the general elections in December later this year.
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