President Akufo-Addo says the government is not taxing the poor Ghanaian but rather industries.
In a conversation with BBC journalist, he said “they are not taxing already impoverished but rather taxing industries in the country.”
Speaking in an interview with BBC’s Peter Okwoche on Monday, April 4, he said “we have also the opportunity to have industries set up not just for Ghana [but also] for the ECOWAS market and also for the African market.
“We now have an African Continental Free Trade Area agreement which is up and operating. Ghana is the gateway to its market of 1.2billion people. Imagine the opportunities that we are presenting.”
It was at this point that Mr Okwoche interjected and told Mr Akufo-Addo that “Let us just be honest, the Ghanaian economy is doing just terribly. Inflation in your country is 15.1 per cent. The Ghanaian cedi has fallen 20 per cent on the dollar.”
But President Akufo-Addo replied him saying “I don’t know the economy in the world that is doing well.
“The Cedi has begun to firm up. The world is going through a difficult [moment], Ghana is no exception, Nigeria is no exception. There is no country in the world that is escaping the ravages of Covid-19 and also the impact of the [Russia-Ukraine conflict].”
He added, “In Ghana, the recovery programme that we have is considered very credible and it is what is going to give us the opportunity to come out of this period stronger, it is that future we are looking at.”