Economic Challenges in Ghana under President Mahama: Insights from Miracles Aboagye and GUTA

Under President John Mahama’s administration, Ghana faces rising fuel prices, worsening power supply, and increased illegal mining. Mr. Dennis Miracles Aboagye raises these issues, urging government accountability. GUTA’s president calls for no new taxes in the upcoming budget, which has been approved, focusing on economic stabilization and growth.

Mr. Dennis Miracles Aboagye, a former Presidential Staffer in the Akufo-Addo administration, expressed concerns about the current economic situation in Ghana under President John Mahama, who has been in office for three months. Aboagye highlighted several key issues: rising fuel prices, worsening power supply referred to as ‘Dumsor’, an increase in illegal small-scale mining activities (galamsey), and job dismissals affecting thousands of workers. He emphasized the alarming rise in prices of goods and services as well.

In a post on Facebook, Aboagye criticized the escalating galamsey activities, attributing them to NDC operatives. He noted how the pollution of water bodies has reached unprecedented levels. Furthermore, he lamented the plight of first-year university students who are struggling to pay their own fees, despite prior governmental commitments to support them. He underscored the importance of holding the government accountable to fulfill its responsibilities to the citizens for national development.

Dr. Joseph Obeng, President of the Ghana Union of Traders Association (GUTA), addressed the upcoming 2025 budget, urging the Finance Minister, Dr. Cassiel Ato Forson, not to impose new taxes on traders. He stated that GUTA would welcome initiatives aimed at extending the tax net to incorporate more taxpayers but cautioned against adding additional burdens to those already taxed.

The Ghanaian government has recently approved the 2025 fiscal policy document, which will be officially presented to Parliament on March 11. This approval, made during a special Cabinet meeting, signals the government’s intent to focus on economic stabilization and sustainable growth. Minister of Government Communications, Felix Kwakye Ofosu, reassured citizens of the government’s commitment to meet its social and economic promises.

The upcoming budget is also expected to detail the financial conditions faced by the National Democratic Congress (NDC) government upon assuming power and outline strategic policies aimed at fostering national development while reaffirming earlier pledges such as the removal of the betting tax and COVID levy. Joe Jackson’s comments on this issue highlighted the government’s potential pathways to confirm its serious stance on combating galamsey.

The article illustrates significant challenges faced by Ghana under President John Mahama, including increasing fuel prices, power outages, and illegal mining activities. It emphasizes the need for accountability and effective governance to address these issues. Additionally, insights from GUTA reflect a cautious approach to taxation in light of the upcoming budget. The government’s approval of the fiscal policy document reinforces its commitment to economic recovery and development while responding to citizens’ concerns.

Original Source: 3news.com

About Aisha Khoury

Aisha Khoury is a skilled journalist and writer known for her in-depth reporting on cultural issues and human rights. With a background in sociology from the University of California, Berkeley, Aisha has spent years working with diverse communities to illuminate their stories. Her work has been published in several reputable news outlets, where she not only tackles pressing social concerns but also nurtures a global dialogue through her eloquent writing.

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