The Ghana Union of Traders Association (GUTA) has made a plea to Dr Mohammed Amin, the incoming Finance Minister, to focus on implementing policies that will bring relief to Ghanaians.
In an interview with the Ghana News Agency, Dr Joseph Obeng, President of GUTA, emphasized the need for policies that will reduce the cost of doing business in the country. He stated that intentional policies are required to harmonize tax systems, lower the cost of clearing goods at the port, and drive down production costs.
Dr Obeng stressed the importance of implementing measures that will result in a lower inflation rate, stable currency, and reduced lending rates. He also pointed out that the government already has its policies in place, and the focus should be on how the new Finance Minister can drive these policies to have a meaningful impact on the people of Ghana.
The call for prioritizing relief for businesses and consumers has become necessary as the macroeconomic gains from the US$3 billion loan program with the International Monetary Fund (IMF) are yet to be felt by Ghanaians.
Dr Mohammed Amin Adam, Minister of State at the Finance Ministry, has been nominated as the Finance Minister designate, replacing Mr Ken Ofori-Atta, who has held the position since 2017.
GUTA remains optimistic that prioritizing these policies will not only bring relief to businesses and consumers but will also benefit the government through increased tax revenue from the people.
