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Ghanaian Politics

Mahama promises to exempt petty traders from income tax

By : Tetteh Djanmanor on 05 Dec 2020, 11:49

John Mahama

The flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama has promised tax exemption for petty traders in the party’s next administration.

He said traders who do not earn up to GHS200,000 within a year will be exempted from paying income tax.

Mr. Mahama explained that the move is to help petty traders expand their businesses and create more jobs.

He made the assurance during an engagement with traders at the Kaneshie Market in the Okaikoi South constituency of the Greater Accra Region.

“All petty traders with small shops, the taxes you pay to the Ghana Revenue Authority (GRA) which goes to the government is going to be removed. If from your sales within a year, do not amount to GHS200,000, you will be exempted from paying the income tax to the GRA.”

John Mahama had earlier promised that his next government will create over 100,000 new jobs for young people through a new tree planting initiative if he is elected.

he said the move forms part of the ndc’s agenda to create over one million jobs within the first four years in office if given the nod.

according to the former president, there are various funds for afforestation available that an NDC government will tap into to create jobs for Ghana’s youth.

“we are going to come with a new initiative in forestry, tree growing and it is going to be in every district of this country. we are going to employ young people to be involved in tree growing and reclaiming of some of our lands that are spoilt. we intend to inject about $100 million to $200 million into that sector. i’m sure that will create some 100,000 to 200,000 jobs,” john mahama said.

Source: Citinewsroom.com