World Nana Akufo-Addo: I Will Cut Taxes- Ghana's President-elect Promises 'Impossible' Feat



Ghana's new President, Nana Akufo-Addo, has pledged to cut taxes in the country in a bid to stimulate economic growth.

Akufo-Addo, 72, defeated incumbent President John Dramani Mahama in the December elections.

During his swearing-in on Saturday, he promised to slash the country's taxes.

"We will reduce taxes to recover the momentum of our economy," said Akufo-Addo, wrapped in a "kente" robe. "Ghana is open for business again."

Ghana, a major cocoa and gold exporter is half-way through a three-year aid programme with the International Monetary Fund to fix an economy dogged by high public debt and inflation.

It is not clear how Akufo-Addo will be able to cut taxes and still stick to an IMF austerity plan that was a condition of a $918 million bailout.


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