President Nana Addo Dankwa Akufo-Addo has assured traders at Abossey Okai (Spare Parts Dealers) that the 2018 budget will address more of their business concerns and create more jobs for the teaming youth in the country.
The 2018 fiscal year budget is scheduled to be read in Parliament by the Finance Minister, Ken Ofori Atta, on Wednesday, 15th November 2017.
Interacting with the traders including Executives of the Abossey Okai Spare Parts Dealers Association in Day-2 of his 3-day tour of the Greater Accra Region, President Akufo Addo said the 2018 budget would go beyond the 2017 Asempa Budget reliefs to address specific areas of concerns.
The President thanked them for the massive support shown him and his Party, New Patriotic Party (NPP) during the 2016 Elections. President Akufo-Addo implored them to fully support his government as it takes measures to restore the economy for a massive take-off.
President Akufo-Addo promised the traders of government’s quest to embark on a massive nation road construction, very soon, which include the road network in Abbossey Okai.
2017 Tax Reliefs
The 2017 Asempa Budget, which was the first budget of the Akufo-Addo’s Presidency, abolished several taxes which included the one per cent special import levy, 17.5 VAT on domestic airline tickets, abolish 17.5 VAT on financial services, 17.5% VAT on selected imported medicines, 5% VAT on real estates, excise duty on petroleum, duties on importation of spare parts and levies imposed on Kayayei (head porters) by local authorities.
Foreign Retailers Practices unlawful
The Chairman of Abossey Okai Spare Parts Dealers Association, Joseph Paddy, called on the government to take a look at foreign retailers in local businesses. He said the activities of these traders are in conflict with Ghana Investment Promotion Centre law. He also appealed to the President to work on the bad road network in Abossey Okai.
The President ended up his Second day tour of the Greater Accra Region at a rally at the Matse Agbona where he announced to the chiefs and people of the GA state of his government’s commitment to transforming Accra to become the cleanest city in Africa.
The President urged the GA citizens to take advantage of the Free SHS Policy and the numerous social intervention policies introduced by his government, adding, 2018 budget is about jobs. The President said allowances given to chiefs have been increase about 100 percent.
The James Town Matse, Oblempong Nii Kojo Ababio V, who congratulated President Akufo-Addo on winning the 2016 elections, commended him of the introduction of the Free SHS policy among others.
He implored the President to do all within his power to energize the fisheries business which is confronted with a lot of challenges.
Source: ISD (Rex Mainoo Yeboah)