Haruna Iddrisu explains why 2025 budget didn’t announce sudden abolishment of Covid Levy

In a recent statement, Haruna Iddrisu has clarified why the 2025 budget did not propose an immediate abolishment of the COVID-19 levy.

He explained that the decision to retain the levy was based on careful consideration of its implications for national revenue and economic stability.

Iddrisu noted that the government has relied significantly on this levy to fund essential services and maintain fiscal balance since its introduction during the pandemic.

He highlighted that while there is a strong desire to eliminate such taxes, it must be done in a manner that does not jeopardize ongoing public welfare programs or exacerbate existing economic challenges.

The Minority Leader emphasized the importance of a gradual approach to tax reforms, suggesting that abrupt changes could lead to financial instability.

He also pointed out that any discussions about removing the levy should involve comprehensive assessments of potential impacts on both government revenue and public services.

Additionally, Iddrisu urged stakeholders to engage in constructive dialogue about fiscal policies that align with national development goals. He reiterated the need for transparency in how tax revenues are utilized and called for measures that would ultimately benefit Ghanaians without compromising essential funding.

In conclusion, while there is acknowledgment of public sentiment against ongoing levies related to COVID-19, Iddrisu advocated for a balanced approach that considers both economic realities and citizen welfare before making policy changes regarding taxation.