The Nana Addo-led government is moving Ghana from a taxation economy to a production one.
This was reiterated by President Nana Addo Dankwa Akufo –Addo when he commissioned the newly constructed Kumasi City Mall.
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The President said that with this vision, the private sector must take advantage of it and offer better and more opportunities for growth.
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“Our priority is to do all we can to give entrepreneurs the certainty of a positive business environment devoid of arbitrary and irrational policy initiatives so they can do what they should do best and thus invest in the numerous opportunities to create jobs and prosperity…stimulating private sector activity and shifting the focus of our economy from taxation to production, to this end, I ask the private sector to take advantage of this new focus which is offering opportunities to local ingenuity and production.”
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The first budget of the Nana Addo administration saw a number of tax cuts. The Minister of Finance Ken Ofori-Atta argued that this was to allow for growth in the private sector which will trickle down to the masses.
In a related development, the Board Chair of Delico Property Investments Ghana Limited, owners of the mall, Kofi Sekyere said the newly commissioned mall will help develop and strengthen the economy.