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Business News of Thursday, 20 March 2025

    

Source: www.ghanawebbers.com

2025 budget lauded for tax reliefs, others

The recently unveiled 2025 budget has garnered widespread praise for its emphasis on tax reliefs and other economic measures aimed at stimulating growth. Key highlights include significant reductions in taxes for small and medium-sized enterprises (SMEs), which are expected to bolster local businesses and enhance job creation. The budget also prioritizes investments in infrastructure, healthcare, and education—areas deemed critical for long-term development.

Economists suggest that these initiatives may alleviate the financial burdens faced by many citizens while enhancing overall economic stability. The government's commitment to increasing funding for social programs indicates a focus on improving living standards amidst ongoing economic challenges.

Additionally, stakeholders have expressed optimism about the budget's potential to attract foreign investment, as it aims to create a more favorable business environment. Overall, this budget appears to be a strategic move towards fostering an inclusive economy that supports both individual and collective prosperity. As the implementation unfolds, many will be watching closely to assess its impact on various sectors and the broader national economy.