The Movement for Change has stressed that there is the need for urgent action by the government to address the economic situation.
The group identified high taxation as a major obstacle to economic growth and called for an immediate review of burdensome levies.
At a press conference held at the headquarters of the Movement for Change, the Spokesperson of the Movement, Lawyer Andrew Appiah Danquah said “We recognize the President’s efforts to address the economic difficulties, but the reality is that Ghana’s economy is still in dire straits. We must move beyond diagnosis and implement concrete solutions.”
“The government cannot continue to tax its way out of economic mismanagement. The E-Levy, COVID-19 Levy, and Betting Tax must be scrapped to ease the pressure on businesses and households,” Lawyer Danquah added.
To tackle the persistent depreciation of the cedi, the Movement for Change recommended tighter forex regulations, including the temporary suspension of forex bureau operations to curb speculation.
“The free fall of the cedi is not accidental; it is a result of weak regulatory oversight. The government must intervene decisively to stabilize the currency and restore investor confidence.”
