The flagbearer of the National Democratic Congress (NDC), John Dramani Mahama, has presented his plan to address the surging food prices and economic challenges facing the country. In a recent Facebook post, Mahama expressed confidence in his approach, declaring that he knows exactly what needs to be done to halt the daily increase in the cost of food and essential commodities. He attributed the current situation to what he described as economic mismanagement by the Akufo-Addo and Bawumia administration.
Mahama highlighted the impact of rising food prices on ordinary Ghanaians, acknowledging the financial burdens many are enduring. He emphasized the need for immediate action to alleviate the hardships faced by citizens, stressing the importance of returning to an era of price stability, where the cost of basic necessities was more predictable and affordable. His message resonated with many who have felt the pinch of inflation and the rising cost of living in recent years.
As part of his broader vision for economic recovery, Mahama referred to key points outlined in the NDC’s *Resetting Ghana* manifesto. This plan includes a comprehensive set of interventions aimed at reversing the economic downturn and preparing the country for sustainable growth. Central to Mahama’s strategy is the scrapping of what he described as six “draconian” taxes that have contributed to the financial strain on businesses and individuals alike. He believes that reducing these taxes will provide much-needed relief to the population and stimulate economic activity.
Additionally, Mahama plans to reform the current Value Added Tax (VAT) system, which he argues is unjust and burdensome for many. The reform would aim to make the tax system fairer and more efficient, potentially easing the cost pressures on businesses, which would, in turn, reduce the prices of goods and services for consumers. Mahama’s commitment to VAT reform is seen as a key element in his plan to restore economic balance.
Another major component of Mahama’s proposal is the application of the Price Stabilization and Recovery Levy on fuel. This measure is intended to cushion consumers from sudden spikes in fuel prices, which have a direct impact on the cost of transportation and, subsequently, the price of food and other essential commodities. By stabilizing fuel prices, Mahama hopes to bring down the overall cost of living and prevent the frequent price hikes that have become a daily challenge for many Ghanaians.
Mahama also outlined his intention to introduce a special pension scheme, designed to support workers across various sectors and provide them with financial security in their retirement. This initiative is part of his broader goal to enhance social protection and ensure that all Ghanaians can retire with dignity. The pension scheme would be tailored to meet the needs of different groups, including those in the informal sector, who are often left out of traditional pension plans.
In addition to these reforms, Mahama plans to roll out a “Big Push” policy, which will see a 10 billion cedi investment in critical infrastructure projects. This initiative is expected to create jobs, stimulate economic growth, and address some of the structural challenges facing the country. The “Big Push” is aimed at revitalizing key sectors such as agriculture, manufacturing, and energy, ensuring that Ghana can produce more of its own food and reduce its reliance on imports.
The former president’s proposals have been met with interest, as Ghanaians look for solutions to the economic difficulties that have affected their daily lives. His focus on reducing taxes, stabilizing prices, and investing in infrastructure reflects a comprehensive approach to tackling the multiple challenges facing the country.
Mahama’s vision for resetting the economy is grounded in the belief that with the right leadership, Ghana can regain its footing and embark on a path of sustained growth. His emphasis on reducing the cost of living and improving the financial wellbeing of ordinary Ghanaians has struck a chord with many who have been struggling to make ends meet.
As the election draws nearer, Mahama continues to engage with the public, outlining his policies and plans for the future. His message of hope and recovery offers a contrast to the current state of affairs, and he remains optimistic that his strategy will resonate with voters seeking change.
The NDC’s *Resetting Ghana* manifesto serves as the blueprint for Mahama’s vision of economic reform, with a clear focus on addressing the immediate concerns of rising prices and the long-term goal of sustainable development. By tackling the root causes of inflation and promoting policies that foster growth, Mahama aims to create an environment where businesses can thrive, and individuals can enjoy a better quality of life.
While challenges remain, Mahama’s plan provides a roadmap for economic recovery, one that he believes will lead Ghana toward a brighter, more stable future. As he continues to outline his policies, the flagbearer is positioning himself as a leader with the experience and foresight to guide the country through its current economic difficulties.
With the promise of bold reforms and targeted investments, John Mahama’s strategy to curb rising food prices and reset the economy has the potential to reshape Ghana’s economic landscape. Whether it will be enough to sway voters remains to be seen, but his message of hope and recovery is certainly one that many are eager to hear.
