Dr. Bawumia Mahamadu, running mate of the New Patriotic Party (NPP) Flagbearer, Nana Akufo Addo, has said an NPP government will formalize the economy by expanding the tax and production base for all to share its burden and bounties when voted into power.
According to him , every Ghanaian would be issued a National Identity Card to kick-start the process in the first year of Akufo Addo’s presidency.
[contextly_sidebar id=”mz0RQLaEOLVi0ncw2I28T6qGtdn496LB”]Speaking to party supporters during his tour of the Tema Metropolis, he said the party would also reverse and grow the agricultural sector for Ghana to achieve food security.
He scolded government for neglecting the agricultural sector to the extent that even plantain is imported.
“The agricultural sector grew by 0.04 percent while manufacturing grew by -2 (negative two) percent. And when we point it out to them, they say they are embarking on economic transformation. This is backward transformation. We want forward transformation,” he added.
He said government was over borrowing and over spending hence the bad shape of the economy.
“The burden of loan interest repayment on the economy is huge. Every year government needs almost 10 billion ghana cedis to do that. And this is six times our oil revenue.”
He further stated that there is an urgent need to restore the health of the economy to generate jobs and comfort for Ghanaians.
He said as a matter of policy, “We will give businesses who employ fresh graduates tax breaks and create an enabling environment for the private sector to flourish by abolishing killer taxes. The Mahama government is killing the private sector with taxes but we will manage the economy and create jobs so that the unemployment associations will be history.”
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Source: GNA