Trends Ghana News

  H.E President Akuffo Addo has stated categorically that, Ghanaiains are not impoverished. The president in response to a question posed to him by the renounced BBCnewsafrica Peter Okotcwe on the controversial  E-Levy tax in an interview, as to why impose tax on already impoverished Ghanaian, flatly rejected the assertion saying "Ghanaians are not impoverished" Also read   Economy doing Well- President Akuffo Addo speaks to BBC on the economy and the E-Levy Tax! The president explained that, the telecommunication sector is a huge emerging economy which they sort to leverage on to capture a lot more people into the tax net who hither to do not pay tax. He added, Ghana in the west Africa sub region has a very low tax to GDP of about 13% when it peers  are doing 18% on the average. Video Below 

 H.E Nana Addo Dankwa Akuffo Addo has for the first time in an interview this year on BBC spoken extensively on the economic situation of the country including the controversial E-Levy which was passed last week. INFLATION, COST OF FUEL AND CEDI DEPRECIATION  On the issue of rising inflation, the president explained that, it’s a global phenomenon which was characterized by the Covid-19 pandemic and Ghana is no exception to this. On the depreciation of the cedi against the major currencies like the dollar, the president posited that, it is being dealt with and the cedi has started gaining strength against the dollar and he expects the trend to continue.. The president vehemently disagreed with the interview who suggested that the Ghanaian economy will not be the best destination to put his money if he were a business man as a result of the ever sky rocketing fuel prices. The president pointed out that the price hike in fuel prices wasn’t only peculiar Ghana and asked the interviewer if