By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Starr FmStarr FmStarr Fm
  • Home
  • Election Hub
  • General
    GeneralShow More
    John Mahama
    Big Push Agenda: Poor roads in Northeast will soon be history – Mahama
    June 14, 2025
    Ashanti Regional Minister pledges full support for ‘No Fees Stress’ policy
    June 14, 2025
    Mahama pledges to end power outages in North East Region soon
    June 14, 2025
    15-year-old boy reportedly dies by suicide in police cell; family suspects foul play
    June 14, 2025
    Discharging guns in public is a crime – Lawyer Prince Mankotam
    June 14, 2025
  • Business
    BusinessShow More
    President Mahama Announces $30,000-Ton Rice Mill Project in North East Region
    June 14, 2025
    KTU and Mastercard launch 10-year agribusiness project to empower Ghanaian youth
    June 14, 2025
    GH¢1/Litre Fuel Levy Critical to Power Sector Recovery – IMF
    June 13, 2025
    Dr Hanna Bisiw-Kotei signs investment agreement at China-Africa Economic Expo
    Dr Bisiw-Kotei secures China deal to create 10,000 jobs in Ghana
    June 13, 2025
    Presidency terminates Zoomlion’s contract over concerns of impropriety and inflated billing
    Mahama to end YEA contract with Zoomlion following Manasseh’s petition
    June 12, 2025
  • Politics
    PoliticsShow More
    John Mahama
    Big Push Agenda: Poor roads in Northeast will soon be history – Mahama
    June 14, 2025
    President Mahama Announces $30,000-Ton Rice Mill Project in North East Region
    June 14, 2025
    Specialized Anti-Corruption courts needed to curb rising fraud – Edem Senanu
    June 14, 2025
    You have restored my faith in our democracy – Manasseh applauds Mahama for ending Zoomlion-YEA deal
    June 14, 2025
    President Mahama grants clemency to 60 radio stations amid regulatory storm
    June 14, 2025
  • Entertainment
    EntertainmentShow More
    Hezron Clarke releases seductive afrobeats single “Property Manager” with reggae flavor
    June 14, 2025
    3rd GhanaFest Alberta launched; slated for July 25-27 in Canada
    June 14, 2025
    Discharging guns in public is a crime – Lawyer Prince Mankotam
    June 14, 2025
    Shatta Wale plans legacy project with Koo Nimo after emotional request
    June 14, 2025
    First-ever Ghanaian kids podcast set to launch
    June 12, 2025
  • Sports
    SportsShow More
    Bibiani GoldStars crowned 2024/25 GPL champions after Medeama draw
    June 14, 2025
    Bola Ray appointed Vice Chairman of President’s Cup Sponsorship Committee
    Bola Ray appointed Vice Chairman of 2025 President’s Cup sponsorship committee
    June 13, 2025
    Kotoko and Hearts set to clash in 2025 President’s Cup on July 6
    June 13, 2025
    Minister of Sports and GHALCA officials inaugurate Sponsorship Committee for 2025 President’s Cup
    Ministry of Sports and GHALCA inaugurate Sponsorship Committee for 2025 President’s Cup
    June 12, 2025
    Ghana Black Queens players during a match under Coach Kim Bjorkegren
    Black Queens drop to 66th in FIFA rankings, now 6th in Africa
    June 12, 2025
  • Technology
    TechnologyShow More
    AgriTech Challenge Pro showcases potential of the agricultural sector to create jobs for the youth
    May 29, 2025
    Crypto regulation to spur innovation, attract investment
    May 20, 2025
    Ghana Grows Empowers 32 Youth with Skills Training and Business Support
    May 16, 2025
    Real QLED – Samsung’s innovations redefine picture quality standard
    May 14, 2025
    Real QLED TV from Samsung: Mirroring real life
    May 14, 2025
  • International
    InternationalShow More
    President Mahama and UK High Commissioner Harriet Thompson in farewell handshake
    Mahama bids farewell to UK High Commissioner, commends four years of corporation
    June 13, 2025
    Haruna Iddrisu seeks Qatar’s support to establish Islamic medical school in Northern Region
    June 12, 2025
    Ghana Foreign Minister Samuel Okudzeto Ablakwa with Chinese officials at China-Africa Summit
    China grants 0% tariff on all Ghana exports in historic trade agreement
    June 12, 2025
    Interpol Issues Red Notice for Former Finance Minister Ken Ofori-Atta
    June 5, 2025
    Elon Musk Unloads on Trump Following Fallout Over Spending Bill
    June 5, 2025
  • Factometer
Search
© 2024 EIB Network Ltd. All Rights Reserved.
Reading: Akufo-Addo’s economic transformation on track – NPP
Share
Notification Show More
Font ResizerAa
Starr FmStarr Fm
Font ResizerAa
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Search
  • Headlines
  • Election Hub
  • General
  • Politics
  • Sports
  • Business
  • Entertainment
  • Factometer
Have an existing account? Sign In
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
GeneralHeadlines

Akufo-Addo’s economic transformation on track – NPP

Starrfm.com.gh By Starrfm.com.gh Published May 1, 2017
Share
SHARE

The ruling New Patriotic Party (NPP) is optimistic workers in both the formal and informal sectors will begin to reap the dividends of the Akufo-Addo government as the local currency grows “in strength.”

In a statement to mark Workers’ Day on May 1, the NPP said the “economy is stabilizing” as a result of tax cuts and the implementation of other policies.

“The HOPE and CHANGE that Ghanaians have been yearning for is here.
As we commemorate May Day, it is the hope of the New Patriotic Party that workers across the country will take stock of the past few years and work tirelessly towards achieving economic progress and strengthening our democracy. Such a commitment from the nation’s workforce will build a prosperous Ghana,” the acting General Secretary of the NPP John Boadu said.

Below is the full statement:

LET’S REMAIN STEADFAST AND WORK FOR GHANA BEYOND AID

As we celebrate workers worldwide, the New Patriotic Party salutes all Ghanaian workers, both in the formal and informal sectors.

We are proud of your hard work and patriotic contribution towards Ghana’s development over the years.

This year’s celebration comes at a time when our President, Nana Akufo-Addo, is spearheading economic transformation, after the collapse of the economy by the former administration, led by H.E John Mahama.

Currently, our currency is growing in strength and the economy is stabilising.

To lessen the burden of the Ghanaian worker, the Akufo-Addo government in less than four months in office has implemented the following amongst others;
• Abolished levies imposed on ‘kayayei’ by local authorities
• Abolished levies imposed on religious institutions by local authorities
• Abolished the 1% Special Import Levy
• Abolished the 17.5% VAT/NHIL on domestic airline tickets
• Abolished the 17.5% VAT/NHIL on financial services
• Abolished the 17.5% VAT/NHIL on selected imported medicines, that are not produced locally
• Abolished the 5% VAT/NHIL on Real Estate sales
• Initiated the process to abolish duty on the importation of spare parts
• Reduced National Electrification Scheme Levy from 5% to 3%
• Reduced Public Lighting Levy from 5% to 2%
• Reduced special petroleum tax rate from 17.5% to 15%
• Replaced the 17.5 VAT/NHIL rate with a flat rate of 3 % for traders
• Granted Capital Gains Tax Exemption on stocks traded on the Ghana Stock Exchange or publicly held securities approved by the SEC
• All allowances due soldiers at the various missions have been fully paid. $39 million in arrears have also been paid
• Peacekeeping allowance increased and paid from $31 to $35

The NPP led government has not reneged on its promise of providing Jobs. Already, the following steps to create Jobs have been implemented;
• Approval has been given to employ 11,000 health trainees who graduated between 2012 and 2016
• Stimulus package for industry: Government has allocated Ghs 220 million to support distressed but viable companies around the country
• 1200 agricultural extension officers have been hired and trained nationwide to support Planting for Food and Jobs.
The HOPE and CHANGE that Ghanaians have been yearning for is here.
As we commemorate May Day, it is the hope of the New Patriotic Party that workers across the country will take stock of the past few years and work tirelessly towards achieving economic progress and strengthening our democracy. Such a commitment from the nation’s workforce will build a prosperous Ghana.

The NPP urges workers from the various sectors of the economy, especially organised labour to remain steadfast in the collective interest of our dear nation Ghana.
The wellbeing of the Ghanaian workforce and the future of their children are our priorities.
We will fulfill our promises to the Ghanaian people

God bless the workers of Ghana! God bless Ghana!

……signed……
JOHN BOADU
(General Secretary, Ag.)

You Might Also Like

Bibiani GoldStars crowned 2024/25 GPL champions after Medeama draw

Big Push Agenda: Poor roads in Northeast will soon be history – Mahama

Ashanti Regional Minister pledges full support for ‘No Fees Stress’ policy

Hezron Clarke releases seductive afrobeats single “Property Manager” with reggae flavor

Mahama pledges to end power outages in North East Region soon

TAGGED:Akufo-AddoMay Dayworkers day
Share This Article
Facebook Twitter Email Print
Share
Previous Article Mahama salutes “gallant” Ghanaian workers
Next Article France election: Macron says EU must reform or face ‘Frexit’

Starr 103.5FM

Starr FmStarr Fm
Follow US
© 2024 EIB Network Ltd. All Rights Reserved.
newsletter icon
Join Us!

Subscribe to our newsletter and never miss our latest in news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
adbanner
AdBlock Detected
Our site is an advertising supported site. Please whitelist to support our site.
Okay, I'll Whitelist
Welcome Back!

Sign in to your account

Lost your password?