By: Ama Gyamfuah
Flagbearer of the New Patriotic Party (NPP) Dr. Mahamudu Bawumia, has reaffirmed his pledge to eliminate the controversial E-Levy and betting tax if he is elected President in the 2024 general elections.
At NPP’s manifesto launch in Takoradi on Sunday, August 18, Dr. Bawumia detailed his administration’s vision for extensive tax reforms designed to ease the financial burden on Ghanaians.
His proposals include a tax amnesty for unpaid taxes from previous years, along with waivers on interest and penalties for unfiled taxes.
He also presented plans to elevate Ghana to a global digital leader, highlighting policies, competitive incentives, and strategic investments to develop the nation into a premier digital economy.
“We will fast-track Ghana’s transformation into Africa’s digital hub through strategic policies, incentives, and investments. This includes investing in local talent and tech start-ups while abolishing the E-Levy.
“We’ll implement broad tax reforms, offering a one-time tax amnesty to all Ghanaians and corporate entities, wiping the slate clean from previous tax obligations. This will give everyone a fresh start in their tax journey.
“We will reform the Value Added Tax system by consolidating all levies into a single line item, which will be treated as part of input and output VAT, eliminating the cascading effect of the current regime
“We’ll also reduce Withholding Tax for small-scale gold exports to 1% to curb smuggling, and abolish the Betting Tax,” Dr. Bawumia pledged.
Dr. Mahamudu Bawumia also promised to create a more business-friendly environment if elected in the 2024 elections.
He emphasized his steadfast commitment to strengthening and expanding the private sector.
Dr. Bawumia presented a detailed plan for a reformed tax system under his administration, designed to accelerate business growth and drive economic development nationwide.