Kwabena Adu Koranteng Writes
NDC plans sweeping tax hikes to fund debt payments, political projects, and luxury perks
Ghanaians should brace themselves for increased tax burdens under the current NDC government, as plans are underway to raise rates on several existing taxes. One of the first steps has been the amendment of the Energy Sector Levy, which has now been pegged at a flat rate of GH₵1.00 per litre—a move expected to generate over GH₵4 billion annually.
The Mahama-led administration is projected to rely heavily on increased domestic taxation to raise an estimated GH₵25 billion to service Ghana’s ballooning GH₵650 billion national debt—with a growing chunk owed to domestic bondholders and external creditors.
Beyond debt servicing, analysts warn that additional revenue could be channelled into politically motivated projects ahead of the 2028 General Elections, potentially costing taxpayers GH₵10–15 billion over the next four years.
Moreover, critics have raised concerns about a possible return to opulent government spending. Reports suggest that government appointees may benefit from the use of SUV convoys worth over GH₵1.5 million each, along with fuel allowances exceeding GH₵10,000 monthly per official.
As the tax reforms loom, citizens and businesses are left questioning whether the expected burden will translate into economic stability—or simply fund a cycle of debt and political indulgence. Enditem
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