The flagbearer of the New Patriotic Party (NPP), Dr Mahamudu Bawumia has announced that he will not appoint more than 50 ministers if elected as President.
Speaking at NPP’s manifesto launch in Takoradi on Sunday, Dr Bawumia emphasised the need for a lean and efficient government to better serve the people of Ghana.
He argued that a smaller cabinet would reduce government expenditure and improve decision-making processes.
He also noted that his administration would ensure fiscal discipline and introduce a flat tax system to promote the growth of business across the country.
“Offer a one-time tax amnesty to all Ghanaians and corporate entities through tax amnesty from the payment of taxes from the previous years, the waiving of interest and penalties for failures to file taxes in
previous years.
“This will enable everyone to start their tax journey afresh. It will “wipe the slate clean” for all taxpayers in Ghana. Reform the Value Added Tax regime by merging all levies into single line-item levy, and treat the merged levy as part of input and output VAT, to eliminate the cascading effect in the current regime
“Reduce Withholding Tax (WHT) for small-scale gold exports to 1% to discourage smuggling. Abolish the Betting Tax, incentivise Ghanaian start-ups in selected, strategic sectors with Investment Tax Credits (ITC) for the first three (3) years of their operations
“Digitise all aspects of tax administration to reduce leakages, improve efficiency and ease of filing, implement a Flat Rate for all importers, bringing predictability and stability on prices of imported goods, harmonise port charges to align with charges in competing, regional ports, particularly Togo. Duties at our ports will be same or, lower, and broaden the tax base by leveraging digitalisation to capture more
eligible taxpayers to reduce the pressure on the few.
