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‘Payment of taxes a necessary sacrifice to address our challenges’ – Akufo-Addo
The President, Nana Addo Dankwa Akufo-Addo has asked the citizenry to rise up to the challenge and help his government develop the country.
President Akufo-Addo says more sacrifices are needed to get the country to where it ought to be.
The President made these comments when he addressed the Summit of the Africa Finance Cooperation in Abuja, Nigeria on Thursday, May 12.
He thus stressed that the country can be developed by only Ghanaians.
He described the “paying of taxes” as a sacrifice necessary to confront Ghana’s challenges.
“All of these are the sacrifices that are required for us to make it, and we have to be prepared to do so. So let us understand that we have to rise to the challenge and do it for ourselves,” President Akufo-Addo urged.
Already, President Akufo-Addo has maintained that he will not remove the taxes, insisting it will cost the government ¢4 billion a year.
He said this during the 2022 May Day celebration on Sunday, May 1.
He said the government is currently confronted by very tight financing conditions, in the wake of inadequate domestic revenue mobilisation.
“Indeed, some of the revenues from these same taxes on petroleum products is what is used to pay some of the salaries of some of the 700,000 public sector workers on Government’s payroll.”.
“We, therefore, continue to be vulnerable to the price volatilities of the world market for petroleum products,” Mr Akufo-Addo explained.
The government on May 1 commenced the implementation of the Electronic transfer Levy (e-levy) in a bid to raise some more revenue.
The implementation of the levy was initially greeted with displeasure from the public domain with panic withdrawals hitting various mobile money vending stations due to the fact that a lot of people were withdrawing from the service.
However, the Ghana Revenue Authority (GRA), in collaboration with the Ghana Chamber of Telecommunications and other stakeholders, has heightened sensitisation on the e-levy to assuage the public’s fears and restore their confidence in the usage of the electronic wallets.
Source: Myjoyonline.com
The Ghana Gold Board (GoldBod) says it generated US$1.011 billion in foreign exchange from its artisanal and small-scale mining (ASM) gold trade operations in October 2026.
According to the GoldBod, the entire amount was sold to authorised commercial banks through its GoldBod GoFX platform to support stability in the foreign exchange market.
In an announcement issued on Monday, November 2, the Board projected to generate US$1.2 billion in foreign exchange from its ASM gold trade operations in November.
It added that US$800 million of the projected amount would be made available to commercial banks to support foreign exchange market stability.
GoldBod said the sales would be conducted through its GoFX platform in line with the approved FX Sales and Intermediation Framework to ensure transparency, fairness and regulatory compliance.
The Board reaffirmed its commitment to generating foreign exchange for the country and supporting the Bank of Ghana’s foreign reserve accumulation under the Ghana Accelerated National Reserve Accumulation Policy (GANRAP).
By: Jacob Aggrey
The New Patriotic Party (NPP) has opened applications for members interested in contesting as its parliamentary candidates in the 2028 general elections.
In a statement issued on Thursday, October 29, 2026, the party said interested members must declare their intention to contest between Sunday, November 1, and Tuesday, November 10, 2026.
According to the statement signed by the party’s Communications Director, Dennis Miracles Aboagye, prospective candidates must complete an online form within the specified period.
The party said a non-refundable application fee of GH¢5,000 would be charged to each prospective candidate.
It added that all applicants would undergo vetting and screening to determine their eligibility to contest on the party’s ticket.
The NPP announced plans to organise capacity-building workshops for prospective candidates in December 2026. The workshops will be held across the Northern, Middle and Southern zones, with details of the venues to be announced later.
The party stressed that the guidelines would apply to all prospective candidates, including sitting NPP Members of Parliament who wish to contest again.
It further warned aspirants against starting campaign activities following the opening of the application process.
According to the statement, the existing directive prohibiting campaign activities remains in force until the party gives official clearance.
It cautioned that anyone who violates the directive would face appropriate sanctions under the party’s constitution and regulations.
The NPP said the process was designed to promote fairness, transparency and equal opportunities for all aspirants as it prepares to select candidates for all 276 constituencies ahead of the 2028 elections.
It urged prospective candidates to follow the guidelines and conduct themselves with discipline and respect for one another throughout the process.
The party said its broader objective was to strengthen unity within its ranks and rebuild public confidence ahead of the 2028 general elections.
By: Jacob Aggrey
