Home Election hubNDC John Dramani Mahama’s Cost-Cutting Measures and Digital Payment Initiatives

John Dramani Mahama’s Cost-Cutting Measures and Digital Payment Initiatives

Mahama pledged to transition both the public and private sectors in Ghana from cash to electronic payments via Mobile Money by 2028.

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John Dramani Mahama's Cost-Cutting Measures and Digital Payment Initiatives

According to  John Dramani Mahama when elected president in December, he plans to implement significant cost-cutting measures and digital payment initiatives to streamline government expenses and support local businesses. In a meeting with Ghana’s EU ambassador, Mahama outlined his administration’s strategies to reduce government spending and promote economic growth.

Cost-Cutting Measures

Mahama emphasized the need to eliminate certain perks for government employees, stating that top government officials, directors, and the political class would no longer receive free fuel, electricity, or DSTV services. He believes that, like all Ghanaians, these officials should be responsible for their own water and energy bills. Mahama asserted, “As terms of employment, we will no longer allow top government officials, directors, and the political class to receive gasoline, electricity bills, or DSTV. Like every other Ghanaian, we think people have to start paying their own water and energy bills.”

Fuel and Tax Policies

He clarified that free fuel would only be provided for government vehicles used for official business. For personal vehicles, government employees would need to purchase their own fuel unless they were on a government assignment. Additionally, Mahama plans to introduce tax breaks for registered Ghanaian businesses to stimulate job creation and support small enterprises. He explained, “If you are driving your own automobile, you should purchase your own petrol unless you are on a government assignment and utilizing a government vehicle. Therefore, we will stop using them. We will employ tax incentives to create jobs and help small businesses as part of our budget.”

Transition to Electronic Payments

Mahama pledged to transition both the public and private sectors in Ghana from cash to electronic payments via Mobile Money by 2028. This shift aims to enhance financial transparency and efficiency. He stated, “By 2028, we hope to have completely phased out cash payments. As a result, by that time, we won’t be accepting cash for any payments you need to make for any services that involve the public or private sectors. You would therefore need to pay with your mobile money at the hospital and other locations. Only electronic payment methods.”

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Political Commitment to Digital Payments

The introduction of electronic payments and the elimination of the e-levy have been central themes in the campaigns of both the National Democratic Congress (NDC) and the New Patriotic Party (NPP). Both parties recognize the importance of modernizing payment systems to enhance economic efficiency and accessibility.

Conclusion

John Dramani Mahama’s proposed policies reflect a commitment to reducing government spending and promoting economic growth through tax incentives and the adoption of digital payment systems. By eliminating certain perks for government employees and transitioning to electronic payments, Mahama aims to create a more efficient and financially responsible government while supporting local businesses and fostering economic development.

Vesta Daily
Author: Vesta Daily

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