Director of Research at the Institute of Economic Affairs (IEA), Dr. John Kwakye, has urged the Mahama-led government to address tax evasion loopholes and eliminate unnecessary spending.

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Dr. Kwakye highlighted that these steps would compensate for any revenue shortfalls resulting from the proposed tax cuts.

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In a statement on X (formerly Twitter) on Sunday, February 16, he said,“Plugging tax loopholes and cutting expenditure waste will be enough to compensate for intended tax eliminations.”

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President John Dramani Mahama also emphasized the need to strengthen Ghana’s Fiscal Responsibility and Public Financial Management Acts, stressing the importance of curbing waste and tackling corruption.

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During his address at the Africa Business Forum 2025 in Addis Ababa, Ethiopia, on Monday, February 17, Mahama reaffirmed the critical role these reforms play in ensuring the country's financial health.

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“We need to cut out waste and reduce corruption. These are some of the critical issues that must be addressed.”

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Plugging tax loopholes and cutting expenditure waste will be enough to compensate for intended tax eliminations.— J. K. Kwakye (@JohnKwabenaKwa1) February 16, 2025

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