The Chief Executive Officer of Dalex Finance Joe Jackson has stated that the 2025 budget will demonstrate President John Mahama’s commitment to partner with the private sector to help reset the economy.

 “When the 2025 budget comes out, then we will see whether those taxes that have been removed are indeed growth friendly and will create the right environment for businesses to create jobs. The 2025 budget will also show us how government is planning to use the 24 Hour Economy Programme to assist the private sector create the required jobs”, he said. 

Mr. Jackson spoke on PM EXPRESS business edition on the topic: Assessing President John Mahama’s Pitch to Businesses on January 9, 2025 with host George Wiafe.

Mahama’s pitch to businesses

President Mahama in his inaugural speech at the Black Star Square appealed to the private sector to come on board to help re-set the economy.

He promised to review the tax regime and rationalize it to help deal with the concerns by businesses in the country.

In his address, President Mahama also assured private sector operators that Ghana is now opened for business.

Business concerns

Mr. Jackson emphasized the need for a budget that will set the tone for the business community to see government’s commitment.

“Within the context of an International Monetary Fund programme and challenging economic environment, we also want to see how the  private sector will be prioritized so we can deliver the jobs needed”, he said.
“The budget will also send some signals to the investors that government is committed to attracting the needed FDI to develop the economy”, he added.

Speaking on the same programme, the Executive Secretary of the Ghana Real Estate Development Association (GREDA) Samuel Amegayibor  said the major concern is the current tax structure.

“President John Mahama has promised to review it  then that should come as good news for us as real estate players. We also want the new administration to get some great attention to firmly stabilize the cedi “he added.

Pointing out the perennial depreciation of the cedi, he stated that government stabilize the currency to bring some relief to stakeholders in the built environment.

“The cedi normally comes under some pressure, in the first quarter of every year and everything must be done to ensure that at least we witness some stability”.